Wouldn’t it be great if we had computers that know everything about this world? They would help us track and count everything, thereby greatly saving time and money and reducing waste. We would easily know things such as the quality of the air, the amount of pollutants in water, the consumption of electricity, when things required mending or replacement, and so on.
Well, all this and more can be achieved when we empower computers to use their own means of gathering data without any form of human help so that they can observe, hear, and smell the world for themselves. This is what the Internet of Things (IoT) does.
The technology allows physical objects and humans to see and understand a certain thing or situation without needing any human help. The IoT is the networking of physical objects connected through the internet. The objects which could be home appliances, medical devices, cameras, sensors, cars, trees, buildings, bridges, people, and others, are assigned an IP address and can gather and transfer information over a network without any human assistance. To be more accurate, things can turn into tiny computers which act smarter than things which are not connected to the internet. IoT makes the management of a city and its infrastructure less complex, makes health services more easily accessible, helps create smart agricultural farms where every process can be monitored to improve productivity, provide solutions to the global energy challenge by enabling clean energy technologies, and makes disaster recovery more efficient.
Demand for IoT has grown enormously in the recent years owing to the emergence of artificial intelligence (AI), augmented reality (AR), and virtual reality (VR). Moreover, cooperation and sharing of data between technology giants such as Google, IBM, Intel, Microsoft, and more as well as smaller firms are likely to increase the adoption of IoT, leading to the market growth. A report on the global Internet of Things market by Progressive Markets states that the industry is likely to grow at a CAGR of 32.7% from 2017 to 2025.
Given the enormous capability of IoT of making a significant impact on the existing systems, various innovations and progress are being made in the different areas of the technology. In August 2018, Arm Holdings acquired Treasure Data, a data management company with the aim of helping customers efficiently extract and analyze data from the IoT devices. In July 2018, Plex Systems, a provider of cloud-based manufacturing ERP software acquired DATTUS Inc. a leader in Industrial Internet of Things (IoT) connectivity technologies. In July 2018, Telefónica, a leading provider of a wide range of integrated communication solutions for the B2B market, launched THE THINx, an open laboratory focused on IoT.
Treasure Data Bought by Arm Holdings
Arm recently purchased Treasure Data with an aim of strengthening its IoT platform by using Treasure Data’s data management expertise. According to Arm, Treasure Data is a significant part of industry IoT enablement as it allows them to personalize their products and enhance their experiences by gaining novel, complex edge, and device data within a comprehensive customer profile.
Plex to Accelerate IoT Adoption
Plex recently acquired DATTUS Inc. to accelerate their goal of making machine connectivity less cumbersome and simple. The deal allows the former to expand its Plex Manufacturing Cloud to new streams of machine data and the underlying intelligence. The three capabilities that DATTUS brings to Plex Manufacturing Cloud include Industrial IoT (IIoT) Connectivity, IIoT Data Management, and IIoT Data Analysis.
Anurag Garg, CEO of DATTUS said:
Plex is an ideal fit for DATTUS, as we share the same central vision of transforming manufacturing in the cloud. I’m confident that our work in machine connectivity, data management, and analytics will be a major force in that transformation going forward.”
Telefónica Unveils an Innovative IoT Laboratory
Adhering to its commitment to developing projects that promote new technologies and solutions in Mexico, Telefónica launched THE THINx, an open laboratory which offers an IOT-based environment. The launch enables the company to join the network of open laboratories that the company has launched in Spain and Chiles. This provides entrepreneurs with an open ecosystem that connects all devices in the network, managing them simply and safely to the new IOT connectivity.
As IoT starts to grow in Mexico, the introduction of THE THINx allows the exploration and experiencing the pros of the IoT via a range of intelligent products and more efficient processes to make it possible for its users to connect to the things of their utility.
Enrri González, B2B Vice President of Telefónica México:
Mexico is a great country to invest and develop new technologies, that’s why Telefónica seeks to help, through its networks, third parties that come to THE THINx to develop their IoT solutions, where they can also find multiple business opportunities.”
About the Author:
Nisha Dodeja, is a keynote senior consultant on digital marketing at Progressive Markets. She has been recognized for developing a robust social network strategy for the company. Nisha has written several whitepapers, case studies, and articles. She is a visiting faculty member at various educational institutions and has expertise in IOT.
Also written by Nisha Dodeja – Five Trends In Internet Of Things To Watch Out For In 2018
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