It’s hard to generalize about the IT industry, but two things can definitely be stated: it loves buzzwords and acronyms. Those two aspects are wrapped up in one of the hottest trends right now: the “Internet of Things”, acronym-ized as IoT.
IoT can be loosely defined as the network of physical objects using embedded technology. It can come in both business and consumer forms, and is gaining ground rapidly. Gartner, Inc. estimates a 30 percent increase in those “things” in 2015 as compared to the current year. This increase will have a transformative effect on business, the analyst firm predicts.
via The ‘Internet of Things’ Set to Explode — Virtualization Review.
A recent report from Navigant Research (Boulder, Colorado, US) analyzes the global market for smart grid technologies, including global market forecasts for revenue, broken out by technology, application, component, and region, through 2023.
The benefits of smart grid technology are becoming increasingly quantifiable, not only in terms of improved grid reliability, but also in economic benefits, according to the report. Worldwide revenue from smart grid technologies is expected to grow from USD 44.1 billion in 2014 to USD 70.2 billion in 2023, forecasts Navigant Research.
via KW47 | Navigant Research: Revenue from smart grid technologies is expected to reach USD 70.2 billion annually by 2023 – SolarServer.
Yoon C. Lee, a Samsung executive, is giving a tour of his US home in Oakland. He shows off his living room and foyer, then takes a look outside to check the garden. He considers turning on the sprinkler system before deciding the plants have enough water.
The thing is, he’s not actually in California. He’s 8000 miles away with a reporter in a Seoul conference room. Lee, a tall, 49-year-old, is at a huge table fiddling with a Galaxy S5 phone that’s streaming live video from the US.
via Samsung in internet of things push as phone profits fade.
With Gartner yesterday predicting 4.9 billion “connected things” would be in use next year – a number it reckons will rise to 25 billion by 2020 – businesses have no choice but to pursue what is widely referred to as the Internet of things (IOT).
The research firm says IOT has become a powerful force for business transformation, with its disruptive impact being felt across all industries and all areas of society. Local industry watchers say, in light of this, South African companies need to address connectivity constraints and embrace the opportunities the upsurge presents.
via Prepare for IOT explosion | ITWeb.
The Board of Directors for the Smart Grid Interoperability Panel (SGIP), a member-funded organization focused on accelerating Smart Grid interoperability, today announced Sharon Allan, industry luminary, as its new President and Chief Executive Officer.
“She will help SGIP evolve its mission in partnership with members to help them overcome grid modernization challenges.”
Allan’s 30 years of experience in the energy and information technology industries will help SGIP strengthen its collaborative ties between utilities, research labs, regulators and business leaders around the world. Allan will work closely with members to increase visibility for the work SGIP is doing to address the key grid modernization issues of resiliency and integration of new systems.
via Sharon Allan Named President/CEO of the Smart Grid Interoperability Panel (SGIP) | Business Wire.
The Internet of Things promises to change industries such as insurance and public utilities. To enjoy the benefits, companies must change how they store and analyze Big Data.
What do SAS, Cisco, Duke Energy and AT&T have in common? They are all big proponents of the Internet of Things (IoT), also often called the Industrial Internet.
via How IoT Will Change Big Data Analytics – Enterprise Apps Today.
The Internet is set for another revolution, much like the smartphone explosion of the 2000s. This revolution, the “Internet of Things” (IoT), will connect physical devices, such as air conditioners, appliances and lights to the Internet.
The IoT is generating particularly widespread interest due to its projected growth from $33 billion in 2013 to $71 billion in 2018. Like technology revolutions of the past, much of the market will be captured by new companies with innovative products.
via Want a Piece of the $33B-and-Growing ‘Internet-of-Things’ Market?.
Much of the media focus on IoT has been on connected devices like smart appliances, wearable devices, and other novelties. However, at Cisco’s Internet of Things World Forum in Chicago last month, a number of complex deployments that have transformed cities or businesses were highlighted. Here are 10 of the more interesting deployments.
via 10 enterprise Internet of Things deployments with actual results.
To make business operations more efficient, Atek Access Technologies turned to the Internet of Things.
St. Paul, Minn.-based Atek manufactures various products for the oil industry, whose customers haven’t always been the most forward-looking. But earlier this year, the Internet of Things (IoT) enabled Atek’s customers to reduce costs and become more efficient in their oil deliveries. Instead of sending out trucks once a week — whether tanks needed oil or not — the company put a new IoT-connected device in its tanks to indicate whether a delivery is necessary.
via The future of the Internet of Things still murky.
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech?
via The Evolution of the ‘Internet of Things’ By @RedHatNews | @ThingsExpo [#IoT] | SYS-CON MEDIA.
How many devices are likely to be connected to the Internet of Things (IoT) — and which industries are most likely to be affected by its growth? At its Symposium/ITxpo 2014 in Barcelona last week, Gartner offered answers.
By 2020, there will be 25 billion connected devices. And the most forceful impact will be with consumer goods, outstripping its nearest rival category of generic business goods by 250 percent.
via How Big Will the Internet of Things Grow?.
Samsung on Wednesday detailed its latest tools for developers — including a new sensor-filled wearable reference design — to get them excited about making apps customized for its devices.
“We believe in open platforms and strong partnerships because together we can better serve our customers,” Samsung President Won-Pyo Hong said Wednesday during a keynote at Samsung’s developers conference here. Hong oversees Samsung’s Media Solutions Center, the group working on software and services for Samsung devices and also the group hosting the developers conference.
via Busy Samsung stirs many pots, from smart home to VR to health tech – CNET.
As the “Internet of Things” (IoT) — devices automatically communicating with each other using wireless networks — gains momentum, enterprise efficiencies are already being realized, according to Brian Modoff, director of communications research for Deutsche Bank Securities.
Modoff led a panel discussion on IoT at the Texas Wireless Summit, held Nov. 14 at The University of Texas at Austin.
In an interview with RCR Wireless News, Modoff discussed how something as simple as automated lighting can have a big impact on a business’s bottom line.
via IoT facilities automation saves businesses big money.
Making the jump to smart grid can be overwhelming. It’s not just about managing new digital assets in the field; it’s about everything that comes with them:
via Managed services: more smart grid, less smart grid risk | Intelligent Utility.
NEC in collaboration with Singapore Economic Development Board developing an Internet of Things business platform.
NEC is also developing technologies for healthcare which can take care of health of elderly people in Singapore, which estimated to have an elderly population (over 65 years old) of 11% by 2050.
via NEC to collaborate with Singapore on e-health, IoT and smart energy.
As the United States grapples with conflicting ideas about whether and to what extent man causes global climate change, the zealous movement to do away with using fossil fuels like coal, oil and natural gas to produce electricity and switch to “green” sources like wind and solar energy goes forward, full speed ahead.
Far ahead of the U.S. in this campaign are some nations in Europe that some policymakers tout as having adopted smart energy policy. They think the U.S. should follow the lead of countries like Germany and Spain and more heavily subsidize renewable energies like wind, solar, biomass, etc., and tax fossil fuel users more heavily.
via Taking a look at how green energy is working in Europe and America – Bluefield Daily Telegraph: Opinion.
Verizon Wireless (NYSE: VZ) has entered into a multiyear research partnership with the Georgia Institute of Technology, with the objective of fostering development of new technology solutions in for the Internet of Things (IoT), including the areas of telematics, wearables and LTE network enhancements.
“The wireless industry relies on constant innovation. Verizon’s technology platforms, including 4G LTE, enable this innovation, allowing us to take wireless technology out of the phone and integrate it into new areas such as transportation, healthcare, green energy, education, wearable computing, and much more,” said Jonathan LeCompte, president of the Georgia/Alabama region for Verizon Wireless, in a press release.
via Verizon teams up with Georgia Tech on Internet of Things, wearables – FierceWirelessTech.
A new report from Infiniti Research forecasts that the global flywheel energy storage market will grow at a CAGR of 21% over the period 2013-2018. The market can be segmented into four divisions according to application: UPS, Load Following for Distributed Generation, Transportation and Others.
A flywheel energy storage system is a mechanical battery that stores kinetic energy in the form of rotating mass. A flywheel or rotor accelerates to high speed, and the energy is maintained in this system as rotational energy.
via Flywheel Energy Storage Market Growing at 21% CAGR Globally to 2018.
Australian security camera vendor Swann has revealed an ambitious plan to launch a US$10-a-month subscription service to capitalise on the many thousands of its cameras that have been sold into homes and businesses.
As well as adding a recurring stream of extra dollars on top of its hardware business, the app will also serve as the Melbourne company’s entry into a broader market for home automation.
Sensors and devices will provide the ability to be notified when smoke is detected, glass breaks, doors open, as well as the ability to turn on lights or heating remotely, or even notify the user if the noise of a gun firing has been detected – a feature that will be offered to US customers but is not currently planned for Australia, CRN was told.
via Could this Aussie app transform home automation? – Hardware – News – CRN Australia.
In a quest to bring home automation to the masses, Quirky+GE unveiled seven competitively priced Web-connected devices, all of which were dreamed up by outside inventors and voted through to development by crowdsourced “influencers.” The iOS-controlled Aros Smart Window air conditioner is another Quirky device born from this idea-to-manufacturing scheme.
Taking aim at advanced HVAC units like Google’s Nest learning thermostat, the Norm is boldly advertised on Quirky’s website as the “death of a thermostat.” Controlled by the Wink app, Norm is a wall-mounted box that performs many of the same automation duties as the Nest Learning Thermostat, including scheduling, geofenced activation and usage tracking, but at a significant cost savings.
via Quirky and GE unveil new suite of affordable smart home devices, sensor ‘micro-factory’.