Top 7 Industrial IOT Developments
2019 has been a year of industrial research and development with accelerated growth in the cloud and Software As A Service arena. With giants such as Microsoft, Amazon and Google introducing not just products, but entire platforms, 2020 has just as big shoes to fill in terms of development and advancement. Take a look below to find out more about how 2019 has taken IoT out of the “to be” and how industries around the world are redefining themselves using this new technology and mindsets are being reengineered taking into account the dynamism of this new technology stack.
Drones, or as they are technically titled Unmanned Arial Vehicles, are being deployed the world over to act as low-orbit satellites, floating within the atmosphere linked together over high-speed internet and other connectivity mediums allowing for information sharing for auditing and reconnaissance purposes. These can be used to check pressure and wind for weather prediction as well as tracking illegal immigrant movement across borders.
MICROSOFT IOT SIGNALS
In mid of 2019, Microsoft published its report which stood pretty distinctly and contradictorily to a report published by Cisco in 2017. While Cisco held the belief that more than 60% of all IoT enabled device portfolio startups got stuck or faced challenges that hampered growth, the Microsoft report, titled IOT Signals, maintained how more than 85% of IoT related startups failed and had to step out of the game completely.
What if the 3D printers mentioned above could connect to the weather update service and check for impending weather conditions? With large scale projects, and houses being constructed, wouldn’t it be great if the next house was created taking into account what kind of weather would help the material dry most easily? This is the power of digitization with 35% of current U.S based manufacturers already sharing data across a network of devices.
At the end of the year, in September, Samsara became the world’s most highly funded IoT startup, having bagged a whopping 300 million dollars. It was founded in 2015 and in just 5 years, has grown to 1,500 employees taking on IoT capable software and hardware projects, servicing over 10,000 clients in over 10 countries across 3 continents. Needless to say, we need to keep an eye out for this one.
Pixeom was relatively well-known. Now it’s known by its parent company Siemens, which acquired it in 2019 because of its developments in edge computing, one of the core components of M2M or P2P IoT infrastructure. Similarly, Mnubo was acquired by Aspen Tech for their research in the field of analytics while GeoTab went ahead and took over BSM for their telematics projects and portfolio. Moving on, Microsoft, Cisco, Paulo Alto Networks and Cognizant are just a few other names that got their hands on other smaller names and expanded their service portfolios overnight.
AI is on the rise and so are the technologies that are meant to empower it even further. With LIDAR, AR & VR, machine learning and natural language processing, IoT-enabled industrial AI is not just a thing of the future, its on its way to becoming a USD 120 million industrial erena by 2025.