How the Internet of Things (IoT) is used in modern AI applications

June 7, 2022 | 69 views

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Artificial intelligence (AI) has already made headway into becoming a general-purpose technology vastly impacting economies. Yet, the interpretation and estimated trajectory for something remotely close to what we call AI now was first explored in the 1950s.

Until this very day, AI keeps on evolving further. Though let’s face it, AI would have been useless without data. With around 2.5 quintillion bytes of data being generated every day, the numbers will shoot up as the Internet of Things (IoT) enters the game.

Let’s see what this is all about and where and how exactly IoT crosses paths with AI applications.
  • IoT fundamentals: Where does IoT meet AI
  • The benefits of IoT in AI
  • Challenges of IoT in AI
  • Why implement machine learning in IoT
  • IoT applications for AI
  • Key takeaways

IoT fundamentals: Where does IoT meet AI?
What is meant by the term internet of things (IoT) is essentially a system of correlated digital and mechanical appliances, computing devices, and sensors embedded often into everyday objects that transfer data over a network. IoT connects the internet to any and every physical thing or place in the world.

Modern IoT has advanced from the mere merging of microelectromechanical systems to wireless technologies, and faster data transfer through the internet. This resulted in a confluence of information technology and artificial intelligence, allowing unstructured machine-generated data to be evaluated for insights that could lead to new developments.

More and more industries are now referring to IoT to function more proficiently, provide better customer service, escalate the significance of their business, and implement robust decision-making.

Machine learning for IoT can be used to identify anomalies, predict emerging trends, and expand intelligence through the consumption of audio, videos, and images. The implication of machine learning in IoT can substitute manual processes and offer automated systems using statistically backed up actions in critical processes.

The benefits of IoT in AI and real life
IoT offers the following benefits to AI applications:
  • IoT data for business purposes
  • Cost and time savings
  • Task automation and reduction of human intervention
  • Higher quality of life

IoT data for business purposes
IoT can also be viewed as a data pool. That means by aggregating IoT data, one can extract useful data-driven feedback, which in turn (used properly) may foster effective decision-making. Businesses can also identify new market opportunities, not because of IoT itself but by using the data IoT provides. And since IoT offers companies access to more data, and hence advanced analytics of that data, its usage can eventually result in improved customer outcomes and enhanced service delivery.

Cost and time savings
When devices get connected, cost reductions come along with it. The gathering of different data allows for advances in efficiency, and it leads to money surplus and low-cost materials.

Task automation and reduction of human intervention
Nowadays, devices that are internet-connected can be found in every aspect of our lives, and it is safe to say that they make tasks easier. These automation features range from real-time AI-powered chatbots to home automation control systems, and all of it usually takes a click of a button.

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Higher quality of life
IoT is not only beneficial in the business aspects but it also creates better living circumstances for us. Smart cities and agriculture, intelligent homes, and food waste solutions are some of the most common ways of IoT providing better, more sustainable living conditions for people.

Challenges of IoT in AI
Despite the numerous benefits and advancements that IoT brings to the table, there have been a few limitations with it. Some of them are listed below:
  • Privacy issues
  • Data overflow
  • Bug issues
  • Compatibility issues

Privacy issues

With the increased connection between multiple devices or their coexistence for model development purposes, more information is shared between them, which poses vulnerability to your data and makes room for caution. Added layers of protection are needed to prevent risks of data leaks and other threats.

Data overflow
Eventually, organizations will have to find a way to deal with the large numbers of IoT devices, and that will include the collection and systematic management of all the data from those IoT devices. The proper use of data lakes and warehouses, close governance, and intuitive arrangement of datasets will become an utmost priority.

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Bug issues
If one IoT device has a bug in its system, there is a large chance that every other connected device will also have it.

Compatibility issues
Because there are no international standards of compatibility for IoT, it's harder for different devices to communicate with one another.

Why implement machine learning in IoT
More and more companies are combining IoT with machine learning projects so they can achieve analytical skills on a large variety of use cases which allows their businesses to have access to fresh insights and adopt innovative automation. By implementing machine learning for IoT, they can leverage the following:
  • Convert data into a coherent format
  • Arrange the machine learning model on device, edge, and cloud
  • Enable use of data on edge devices directly for complex decision making

IoT applications for AI
Although we have covered the basics of IoT, its implications for AI are not as simple. Many corporations are adopting IoT which allows them to have an advanced approach to growing and advancing their business. Novel IoT applications are offering organizations the ability to plan and implement more vigorous risk management strategies. Some of the more common uses of IoT in AI encompass the following:

Transport logistics
Not only does IoT expand the material flow systems in transport logistics, but it also improves the automatic identification and global positioning of freight. It also increases energy efficiency and consequently declines the consumption of energy.

Smart cities
Although the term smart city is still incomplete, it mainly refers to an urban area that endorses sustainable enlargement and high quality of life. Giffinger et al.’s model explains the features of a smart city, including the people, the government, the economy, and lifestyle.


E-health control
The two main objectives of future health care are e-health control and prevention. People nowadays can choose to be monitored by physicians even if they do not live in the same country or place. Tracing and monitoring peoples’ health history makes IoT-assisted e-health extremely useful. IoT healthcare solutions could also benefit the specialists, as they can collect information to advance their medical calculations.

Key takeaways
Ever since its development, IoT, especially AI-enabled IoT, as discussed, has been enhancing our daily lives and directing us to work smarter while having complete control over the process. Besides having smart appliances to elevate homes, IoT devices can also be essential for providing insights and an actual look for businesses into their systems. Heading forward, IoT will continue to develop as more organizations get to understand its potential usage and tangible benefits.

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Cloud Incubator HUB

Cloud Incubator HUB is a business accelerator for startups and entrepreneurs projects in its initial phase, with headquarters in Technology Park of Fuente Álamo, Murcia (South-East of Spain). We offer a collaborative ecosystem that allows entrepreneurs to accelerate and mature their projects until they become an enterprise.

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IoT Aids the Growing Wearable Technology

Article | July 6, 2022

Nothing is more innovative or sophisticated than the products being made by the wearables industry in the "smart" era. Individuals track, analyze, monitor, and transmit personal data using these tangible wearable gadgets. Moreover, the adaptable wearable technology is opening up new horizons with business-focused smartphone apps. However, it is still in its early stages, and according to recent developments in this field, the major players in wearable technology are concentrating on developing products with a focus on business applications. These intelligent Internet of Things (IoT) devices are now widely employed in a variety of businesses and help detect biometric data such as heart rate and sleep habits, among others. In the coming ten years, wearable IoT technology or devices ought to become an integral part of every individual’s daily life. Businesses around the world are incorporating the newest technologies into their functioning and are looking at digitally altering their impact in the market. With the majority of people already accustomed to using smartphones, they are now also getting familiar with utilizing wearable technology, such as smartwatches, jewelry, and fitness bands. Therefore, the demand for applications is increasing along with technology as we become more technologically adept. Rising Wearable Industries Health and Fitness Wearables The health, fitness, and fashion industries are closely related to any wearable technology or device. People are now frequently using smartwatches to monitor their heart rate and the number of steps they take when walking or running, which has boosted the industries with this technology. IoT devices include medical sensors to track progress in terms of health. It is possible to determine how healthy a person's lifestyle is by gathering accurate health statistics from these devices. Additionally, it monitors sleeping patterns, enhancing your overall quest for wellness. Gaming Wearables Gaming is a significant new market for wearable technology and one which is booming. The most prevalent category of wearables in the market is virtual reality (VR) headsets. With VR devices like the Oculus Rift or Playstation VR, players are immediately immersed in otherworldly experiences. Several kinds of breathtaking experiences are now accessible to players everywhere, thanks to VR wearables. Connected Cars Automobiles are steadily gaining traction among IoT devices, but they are still a small market (just 0.05 percent of all connected devices are cars), and Ford and Tesla are vying for the top spot. Ford has dominated the connected car market, with Subaru being the only other manufacturer to see any appreciable growth in new connections since July 2020. In contrast, other producers are fighting for a sizable market share as the potential to grow this segment is highly exponential. Conclusion Today, wearable technology is planned, developed, distributed, and used in a variety of consumer and corporate markets. The ways in which these markets overlap and influence one another are constantly changing. IoT will significantly change how businesses engage with customers, streamline their operations, and contribute to the creation of a system that relies on such data.

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Evolution of Industry: IIoT a Vital Component

Article | June 2, 2022

Introduction Automation, interconnectivity, machine-learning, and real-time data are part of Industry 4.0, a new phase in the Industrial Revolution. Industry 4.0, which includes IIoT and smart manufacturing, combines physical production and operations with smart digital technologies. It creates a more holistic and linked environment for manufacturing and supply chain management organizations. In today's production environment, "automation" has a new, more advanced meaning than it has in the past. Industry 4.0 refers to the necessity of lean, efficient operations and the function of sustaining and improving production. In contrast, IIoT distinguishes manufacturing gadgets from consumer products that can connect wirelessly to internal networks and the internet. IIoT Powering the Fourth Industrial Revolution Manufacturing, logistics, oil and gas, transportation, mining, aviation, energy, and other industries use the IIoT. Its main goal is to improve operations, mainly through process automation and maintenance. IIoT capabilities improve asset performance and allow for improved maintenance management. The introduction of Industry 4.0 technologies marked a significant milestone in the human-machine relationship's history. I4.0 was first talked about in 2011. Since then, it has proliferated because of new technologies such as cyber-physical systems, IT/OT convergence, AI/ML, Blockchain, and AR/VR. Data is at the heart of the Fourth Industrial Revolution. The growth of the Internet of Things (IoT) is one of the main reasons behind this. The IoT is making a significant contribution in making businesses smarter and improving their workflows. Moreover, more data is being made and used by connected devices than ever before, from the home to the factory. In order to thrive in the fourth industrial revolution, businesses must embrace new technologies. The general structure of IIoT applications is defined by standards-based industrial system architectures such as the Industrial Internet Consortium's Reference Architecture. Sensors and IoT devices, IoT middleware platforms, IoT gateways, edge/cloud infrastructures, and analytics applications are all part of the stack. The Future of the IIoT The Industrial Internet of Things (IIoT) is primarily regarded as one of the most significant current and future trends influencing industrial companies. To comply with new rules, industries are rushing to upgrade their systems, machinery, and equipment. This is necessary to keep up with market volatility and deal with disruptive technologies. Safety, efficiency, and profitability have all improved dramatically in industries that have adopted IIoT. As IIoT technologies become more widely adopted, this tendency is projected to continue. Conclusion The fourth industrial revolution has drastically altered our perceptions of things in the workplace. At a rapid rate, capitalists are becoming more interested in sophisticated ideas. The way forward is to embrace existing and emerging technology throughout fundamental operations to unleash more enticing possibilities. It emphasizes the importance of comprehending the impact collaborative ecosystems can have as well as how they will become a major differentiator for generating value with a better-trained workforce.

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What are IoT devices and how are they used across various industries?

Article | July 19, 2022

Introduction We live in a world where technology is becoming more and more intertwined with our daily lives. It’s no longer just our laptops, smartphones, and tablets connected to the internet – now, our homes, cars, and even our clothes can be too. This interconnectedness is made possible by the internet of things (IoT), a network of physical objects equipped with sensors and software that allow them to collect and exchange data. IoT devices have the potential to transform the way we live and work. They can make our lives more convenient and help us be more efficient. IoT devices can also help us to save money and to improve the quality of our lives. IoT devices are devices that are connected to the internet and can collect, send, and receive data. They can be anything from fitness trackers to industrial machines. IoT devices are used across a variety of industries, and they are becoming more and more commonplace. At [x]cube LABS, we have helped global enterprises deliver great value to their consumers with IoT devices, and in this blog post, we will talk about how IoT devices are used in different industries. Additionally, we will give some examples of IoT devices that are being used in each industry. Healthcare IoT devices are being used in healthcare to provide better patient care and to improve the efficiency of healthcare organizations. IoT devices can be used to monitor patients’ vital signs, track their medication adherence, and collect data about their health. IoT devices can also be used to provide remote patient monitoring, track medical equipment, and support clinical research. There are many different types of IoT devices that are being used in healthcare. Some of the most common types of IoT devices that are being used in healthcare include wearable devices, such as fitness trackers and smartwatches; medical devices, such as pacemakers and insulin pumps; and hospital equipment, such as IV pumps and ventilators. All these devices collect data that can be used to improve patient care and make healthcare organizations more efficient. Manufacturing IoT devices are being used in manufacturing to improve the efficiency of production lines and to reduce the amount of waste. IoT devices can be used to track the production of products, monitor the condition of machinery, and control the flow of materials. IoT devices can also be used to provide data about the quality of products and to improve the safety of workers. One of the most common types of IoT devices that are being used in manufacturing is the industrial sensor. Industrial sensors are used to monitor the production of products, the condition of machinery, and the flow of materials. Industrial sensors can also be used to provide data about the quality of products and to improve the safety of workers. The availability of data from industrial sensors is helping manufacturers to improve the efficiency of production lines and to reduce the amount of waste. Retail IoT devices are being used in retail to improve the customer experience and increase sales. IoT devices can be used to track inventory, provide customer loyalty programs, and collect data about customer behavior. IoT devices can also be used to provide personalized recommendations, targeted promotions, and real-time customer support. IoT devices are changing the retail sector in a number of ways. One of the most important ways that IoT devices are changing retail is by providing retailers with real-time data about their customers’ behavior. This data allows retailers to provide a more personalized shopping experience. IoT devices are also being used to improve the efficiency of retail operations, such as inventory management and customer loyalty programs. Transportation IoT devices are being used in transportation to improve the safety of drivers and reduce traffic congestion. IoT devices can be used to monitor the condition of vehicles, track their location, and control their speed. IoT devices can also be used to provide data about traffic conditions and to improve the efficiency of transportation systems. One of the most common types of IoT devices that are being used in transportation is the GPS tracker. GPS trackers are used to monitor the location of vehicles, and they can be used to track the speed and movement of vehicles. GPS trackers can also be used to provide data about traffic conditions and to improve the efficiency of transportation systems. Agriculture Agriculture has become increasingly reliant on IoT devices in recent years. IoT devices are being used in agriculture to improve the yield of crops and to reduce the amount of water and fertilizer that is used. IoT devices can be utilized to monitor the condition of crops, track the location of farm animals, and control the flow of irrigation water. These innovations are helping farmers to increase the yield of their crops and to reduce the amount of water and fertilizer that is used. The data collected by IoT devices is also helping farmers to make more informed decisions about planting, irrigation, and crop maintenance. Smart Homes Smart homes are becoming increasingly popular, and IoT devices are the backbone of these systems. IoT devices are being used in homes to improve the security of the home, reduce energy consumption, and improve the quality of life. They can be used to monitor the condition of the home, track the location of family members, and control the operation of home appliances. What’s more, IoT devices can also provide data about the quality of the air, which can be used to improve the efficiency of home security systems. In the future, IoT devices will become an integral part of the smart home, and they will be used to control a wide variety of home appliances and systems. Aviation The aviation industry is making use of IoT devices to a great extent. The aviation sector is one of the most heavily regulated industries in the world, and IoT devices are being used to improve the safety of passengers and crew members. IoT is changing the aviation industry by providing data that can be used to improve the safety of pilots and passengers. IoT devices can be used to monitor the condition of aircraft, track their location, and control their speed. IoT devices can also be used to provide data about weather conditions and to improve the efficiency of aviation operations, which can ultimately lead to lower airfare prices. Energy The energy sector is also utilizing IoT for a variety of applications. One way that IoT is changing the energy sector is by providing data that can be used to improve the efficiency of energy production and consumption. They are being used to improve the efficiency of power generation and distribution. IoT devices can be used to monitor the condition of power plants, track the location of power lines, and control the flow of electricity. By using IoT devices to monitor and optimize the power grid, energy companies can reduce the amount of power that is wasted and ultimately lower energy bills for consumers. Conclusion IoT devices are changing the world in a number of ways. They are providing data that can be used to improve the efficiency of operations in a variety of industries, from retail to transportation to agriculture. It is likely that IoT devices will become an increasingly important part of our lives in the future due to the efficiency and data that they can provide.

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Beyond 2022: The Future of IoT Device Management

Article | May 17, 2022

Understanding the Impact of IoT Device Management The Internet of Things (IoT) industry is growing exponentially, with the potential to become limitless. The current range of existing and potential Internet of Things devices is in itself quite enormous. This also gives businesses an opportunity to pay more attention to the newest technologies. In ascenario with rapidly increasing numbers of devices, manual management of devices becomes close to impossible, laced with human errors. Moreover, keeping an eye on hundreds of devices one by one to make sure they work the way they should is not an easy task to undertake. Businesses at the outset of IoT adoption are most often unaware of why they require a device management platform.This is precisely why a device management platform is so crucial.It can effectively connect toall of theconnected devices and get the required information from them in the right way. An effective device management platform can turn out to be the vital aspect that will define the success of any small or large IoT implementation project. Such a platform would ideally allow organizations to manage their internet-connected devices remotely. "If you think that the internet has changed your life, think again. The IoT is about to change it all over again!" — Brendan O'Brien, Chief Architect & Co-Founder, Aria Systems. Why Do Organizations Need an IoT Device Management Platform? An effective IoT device management platform offers simplified provisioning, centralized management, and real-time insights into all existing devices and integrations to help organizations stay on top of their deployment. Device management platforms help you keep a check on the growing number of devices while keeping errors at bay, with your growing number of connected devices. It would ensure that you have a clear dashboard and an alerting system as an effective supporting system. In addition, getting involved with IoT device management platforms can also help you in a number of other ways. It acceleratestime-to-market and helps reduce costs The management platform enables secure device on and offboarding It also streamlines network monitoring and troubleshooting IoT simplifies deployment and management of downstream applications It mitigates security risks Evaluating the Future of IoT Device Management It is predicted that the world will have more than 100 billion IoT-connected devices by 2050. The future potential of the IoT is limitless, and the potential is not about enabling billions of devices together but leveraging the enormous volumes of actionable data thatcan automate diverse business processes. Critical Aspects of the IoT's Future The critical aspects of IoT predictionsare fast impacting several categories all across the globe, ranging from consumer to industrial. IoT Companies and a Circular Economy IoT firms are assisting in the development of a future with less waste, more energy efficiency, and increased personal autonomy. A connected device system, on the other hand, must be feedback-rich and responsive, and activities must be linked via data in order to be sustainable. Ways to achieve a responsive and actionable system include: Extending the use cycle with predictive maintenance. Increasing utilization and reducing unplanned downtime. Looping the asset for reuse, remanufacture, or recycle. Common Billing and Revenue Challenges We are currently moving toward a future where everything from cars to household machines and home security will be sold by manufacturers as subscription services. This will result in organizations selling IoT subscriptions looking for new ways to managebilling and revenue for their business model. Service diversity Data monetization Complex stakeholder network Cost management Cohesive IoT Deployment Strategy for the C-suite With the future of IoTon its way to becoming the most disruptive innovation and compelling technology that will facilitate better services to customers, from a support perspective, being connected remotely with customers' devices offers considerable advantages to service organizations. However, this is also not a new concept; earlier, large organizations and data storage companies were remotely connected to their client systems using dedicated telecommunications links before the commercialization of the internet. Using the estimates of the exponential rise in connected devices, the IoT offers a wide array of opportunities to effectively improve the industry, such as: Consumer activity tracking includes in-store applications that assess traffic flow and purchase choices. Manufacturing, storage, distribution, and retail operations have been optimized to increase productivity and reduce waste. Energy, inventory, and fleet assets are all used more efficiently. Improved situational awareness, such as vehicle warning systems Enhanced decision-making, such as medical equipment that notifies doctorswhen a patient's health changes. Self-parking and self-driving automobiles are examples of autonomous systems. An interesting case study with Michelin showed that they were adding sensors to tires to better understand wear over time. This data is important for clients to know when to rotate or replace tires which saves them money and enhances safety. However, this also implies Michelin can move away from selling tires and instead lease them. Because sensor data will teach the corporation how to maintain the tires, Michelin now has a new economic incentive to have tires last as long as feasible. IoT device management plays a crucial role in effectively accumulating and processing data from all the widely distributed IoT sensors. Conclusion As more sectors discover the advantages linked machines can bring to their operations, IoT enterprises have a bright future ahead of them. Newer services are steadily being pushed out on top of IoT infrastructure in industries ranging from healthcare to retail, telecommunications, and even finance. Due to increasing capacity and AI, service providers will move deeper into IT and web-scale industries, enabling whole new income streams as IoT device management platforms adapt to address these obstacles. FAQ Why Is Device Management Crucial for the IoT? An IoT device management platform's features may help you save time and money and increase security while also providing the critical monitoring and management tools you need to keep your devices up-to-dateand optimized for your unique application requirements. What Impact Will the IoT Have on the Management or Administration Sectors? IoT technology allows for increased collaboration, but it will also free up your team's time from monotonous and isolating duties. For example, routine chores may be encoded into computers, freeing up time to concentrate on higher-order tasks. What Are the Basic Requirements for IoT Device Management? The four essential needs for IoT Device Management are as follows. Authentication and provisioning Configuration and Control. Diagnostics and monitoring Updating and maintaining software.

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Cloud Incubator HUB is a business accelerator for startups and entrepreneurs projects in its initial phase, with headquarters in Technology Park of Fuente Álamo, Murcia (South-East of Spain). We offer a collaborative ecosystem that allows entrepreneurs to accelerate and mature their projects until they become an enterprise.

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Semtech Corporation to Acquire Sierra Wireless

Semtech | August 04, 2022

Semtech Corporation a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc. a world-renowned Internet of Things (IoT) solutions provider, today announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for US$31 per share in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion, subject to customary closing conditions. The acquisition will significantly expand Semtech’s addressable market and is expected to approximately double Semtech’s annual revenue and create a strong and diverse portfolio of connectivity solutions for the growing IoT market, making it easier for customers to find innovative end to end solutions for any segment. The deal is also expected to be immediately accretive to Semtech’s non-GAAP EPS before synergies and generate US$40 million of run-rate operational synergies within 12-18 months post-transaction close. This acquisition brings together two important technologies for the future of IoT – LoRa and cellular – to enable the digitization of the industrial world with a comprehensive chip-to-Cloud platform. Semtech expects the combination of Sierra Wireless’ cellular capabilities across its modules, gateways and managed connectivity together with Semtech’s LoRa-enabled end nodes to create a uniquely differentiated IoT portfolio which will enable a plethora of new IoT use cases to be conceived. In addition, the combination of Sierra Wireless’ Cloud services offerings and Semtech’s LoRa Cloud™ services will bring together a future Cloud services portfolio offering that will include enhanced security, provisioning, device management, and geolocation capabilities for power optimized IoT applications. This new Cloud services capability is expected to add greater than US$100 million of high-margin IoT Cloud services recurring revenues immediately. “We believe the next era of technology growth is the full digitization of our industrial world – the Internet of Everything. Our vision is to build a simple, horizontal platform with the goal of accelerating this transformation and to bring about a smarter and more sustainable planet,” said Semtech president and chief executive officer, Mohan Maheswaran. “This exciting strategic acquisition of Sierra Wireless is a critical part of bringing this vision to life through the combination of cellular, LoRa and Cloud services. Together, with the world-class Sierra Wireless engineering team, we will be positioned to advance the market with multi-radio solutions that bring new chip-to-Cloud services to support customers and grow our business.” “Over the last year, Sierra Wireless has taken decisive steps to profitably grow the business, and I am proud that the progress we have made has culminated in this exciting transaction. Together with Semtech, we will be able to extend the reach of IoT solutions by scaling, optimizing and ultimately delivering an even stronger product portfolio and service model to customers, Sierra Wireless is a high growth business with some of the best, most advanced IoT technology in the industry, and we are pleased to deliver immediate and compelling value to our shareholders through this transaction. Joining Semtech will also allow us to bring cellular and LoRa technology together to create innovative solutions that exceed the expectations of our customers around the world while delivering exciting career opportunities to our talented employees as part of the combined company.” Phil Brace, president and chief executive officer of Sierra Wireless Sierra Wireless brings highly complementary skills and capabilities to Semtech, including Sierra Wireless’ leading modules, gateways, 5G, and Cloud services. Given Sierra Wireless’ demonstrated expertise in IoT and cellular engineering, software and services, and its extensive knowledge of IoT channels and vertical markets, Semtech expects the combined company will be well positioned to serve high growth segments such as: Supply chain, logistics and asset management Utilities, including water, gas and electric metering Smart cities and building, including air quality monitoring and public safety Smart agriculture and species protection Transaction Details Under the terms of the agreement, Sierra Wireless shareholders will receive US$31 per common share. This represents a premium of approximately 25% to the closing price of Sierra Wireless’ common stock on July 29, 2022, the last trading day prior to media speculation regarding a potential transaction, and a premium of approximately 30% to Sierra Wireless’ unaffected 30-day volume weighted average price. Semtech intends to fund the transaction with cash on hand and committed debt financing arranged by J.P. Morgan. This transaction has been approved by the Semtech and Sierra Wireless Boards of Directors. This transaction is subject to approval by Sierra Wireless shareholders, certain regulatory bodies and the Supreme Court of British Columbia, and other customary closing conditions. This transaction is expected to close in Semtech’s fiscal year 2023. Until close, the parties remain separate independent companies. Sierra Wireless Preliminary Financial Results In a separate press release issued today, Sierra Wireless announced preliminary details relating to certain of its financial results for its second quarter of 2022. Sierra Wireless will issue a press release to share its full second quarter financial results after the market closes Aug. 11, 2022. The Sierra Wireless preliminary results press release is available on its website. About Semtech Semtech Corporation is a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the Nasdaq Global Select Market under the symbol SMTC. For more information, visit www.semtech.com. About Sierra Wireless Sierra Wireless is a world leading IoT solutions provider that combines devices, network services, and software to unlock value in the connected economy. Sierra Wireless works with its customers to develop the right industry-specific solution for their IoT deployments, whether this is an integrated solution to help connect edge devices to the cloud, a software/API service to manage processes with billions of connected assets, or a platform to extract real-time data to improve business decisions. With more than 25 years of cellular IoT experience, Sierra Wireless is a global partner customers trust to deliver them their next IoT solution.

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Globant Launches Automotive Studio With Focus on Mobility at Scale

Globant | August 08, 2022

Globant a digitally native company focused on reinventing businesses through innovative technology solutions, today announced the launch of its Automotive Studio. With this new offering, the company aims to become the bridge the automotive industry needs toward mobility and digital revolutions. As the newest addition to Globant's Reinvention Studios portfolio, the Automotive Studio will help reinvent the industry by capturing the best capabilities from different technologies, including Metaverse, Gaming, Blockchain, Sustainability, Data & AI, IoT, UI Engineering, and Conversational Interfaces, leading to immersive customer experiences and augmented design. "The automotive industry has been changing over the last decade with exceptional speed. Software is quickly becoming the value of the car. Security aspects such as ADAS, connected vehicles, and service-based functionality are all increasing the demand for our capabilities, With this new Studio, Globant will leverage its cutting-edge capabilities to empower and support the ultimate mobility reinvention." Diego Tartara, Chief Technology Officer at Globant The Automotive Studio provides eight innovative practices that deliver added value: Software-Defined Vehicle: Help original equipment manufacturers and mobility companies implement software architecture to better access, understand, use, and update services necessary for new mobility solutions. Mobile Customer Engagement: Design personalized marketing content, engaging digital experiences, and real-time data analysis. Connected Mobility: Unlock the power of a vast data lake to build intelligent, personalized features and revenue-generating mobility services. Autonomous Driving: Help clients implement robotics and machine learning to accelerate autonomous vehicle development. Manufacturing & Supply Chain: Implement AI and machine learning to process supply chain information to track and trace the entire production process with unparalleled efficiency. Product Engineering: Reduce time to market by empowering product developers and engineers to solve complex problems using high-performance computing, model-based design, and large-scale parallel simulations. Mobility enters the Metaverse: Help clients boost new revenue streams through the development and launch of gaming platforms, NFT design, product showcases, virtual venues, and even virtual immerse training. Sustainability: Counsel clients on embedding sustainability and sustainable innovation across the value chain. "Vehicles are quickly evolving into digital software platforms, with AI, IoT, and data and other technologies accelerating the change, We're enthusiastic about leveraging opportunities in this industry, building the bridge from where the automotive industry is coming from to where it's going. Our experts and partners are creating cutting-edge solutions, scaling and enhancing customer experiences, leveraging AI to increase efficiency in the ICE business and boosting new business models, building the future of mobility." Marina Saint-Lary, Globant CSO and Automotive Studio Lead In the past year, Globant launched Reinvention Studios to leverage its industry knowledge and enable the profound transformation of specific industries by leaning on the deep technology expertise of the existing Digital Studios (which are focused on technologies like the Metaverse, Data & AI, and Blockchain, among others). Its portfolio includes Airlines, Bluecap Future Finance, EdTech, Gaming, Life Sciences, Media & Entertainment, Smart Payments, and Travel & Hospitality Studios. About Globant We are a digitally native company that helps organizations reinvent themselves to create a way forward and unleash their potential. We are the place where innovation, design, and engineering meet scale. We have more than 24,500 employees, and we are present in 19 countries working for companies like Google, Electronic Arts, and Santander, among others. We were named a Worldwide Leader in CX Improvement Services by IDC MarketScape report. We were also featured as a business case study at Harvard, MIT, and Stanford. We are a member of the Green Software Foundation (GSF) and the Cybersecurity Tech Accord.

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Quanergy Announces World’s First 2D 360° PoE LiDAR Sensor

Quanergy | August 08, 2022

Quanergy Systems, Inc., (NYSE: QNGY) (“Quanergy”) a leading provider of LiDAR sensors and smart 3D solutions, today announced the M1 Edge PoE LiDAR sensor, building on the company’s M1 Edge™ solution. This new IoT sensor expands Quanergy’s presence in the security Perimeter Intrusion Detection (PID) market, by providing higher detection accuracy at a lower price than competing LiDAR solutions. In addition, this sensor increases the number of industrial use cases that LiDAR can address. Quanergy’s M1 Edge LiDAR sensors enable smart awareness for applications that require simple object detection and alerting capabilities. The M1 Edge PoE is ideal for any environment where threats can come from small objects or in hard-to-reach places. Such use cases include: Monitoring rooftops and indoor spaces for potential intruders Increasing data rack and cabinet security at data centers by detecting unauthorized access Creating a virtual fence around perimeter lines for commercial security applications to detect anomalous behavior and potentially dangerous objects being thrown over the fence Protection of critical infrastructure such as data centers, transportation hubs, oil and gas facilities, transformer substations and telecommunication facilities Perimeter Detection, Zone Protection and Anti Climb Prevention Detecting objects dropped by drones near prisons or other high security infrastructure facilities The M1 Edge PoE’s industry-leading angular resolution allows it to detect objects as small as a ball or even a pen, with a high degree of accuracy up to tens of meters away from the sensor. When coupled with Quanergy’s MQ-8™ and Qortex DTC™ products, it provides the most complete LiDAR-based security solution in the industry. This new solution also expands Quanergy’s industrial use cases. The M1 Edge PoE can automate time-consuming and error-prone bin-picking applications and reduce accidents in Automated Storage and Retrieval Systems (ASRS). It allows for Power over Ethernet (PoE), simplified wiring for a lower installation cost, up to 16 evaluation fields and a higher number (up to 128) of configurable detection zones per evaluation field. It also integrates with QORTEX Aware™ perception software, enabling customers to create detection zones to monitor and flag any anomalies back to the main system. Gerald Becker, vice president of market development and alliances, Quanergy, said: “We’re enabling smarter awareness for applications requiring simple object detection and alerting capabilities. The new M1 Edge PoE features provide increased coverage and more flexibility – and enable us to deliver new security solutions such as security zone detection for perimeter protection, fence line detection, and rooftop surveillance applications.” Tony Rigoni, director of industrial markets, Quanergy, said: “By increasing the number of detection zones per field from three to 128, we can enable many more applications - many of which were previously unsolvable. The M1 Edge PoE is easy and quick to set up, enabling customers to rapidly collect and make use of LiDAR data.” About Quanergy Systems, Inc. Quanergy’s (NYSE: QNGY and QNGY.WS) mission is to create powerful, affordable smart LiDAR solutions for automotive and IoT applications to enhance people’s experiences and safety. Quanergy has developed the only true 100% solid-state CMOS LiDAR sensor built on optical phased array (OPA) technology to enable the mass production of low-cost, highly reliable 3D LiDAR solutions. Through Quanergy’s smart LiDAR solutions, businesses can now leverage real-time, advanced 3D insights to transform their operations in a variety of industries including industrial automation, physical security, smart cities, smart spaces and much more. Quanergy solutions are deployed by nearly 400 customers across the globe.

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Semtech Corporation to Acquire Sierra Wireless

Semtech | August 04, 2022

Semtech Corporation a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc. a world-renowned Internet of Things (IoT) solutions provider, today announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for US$31 per share in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion, subject to customary closing conditions. The acquisition will significantly expand Semtech’s addressable market and is expected to approximately double Semtech’s annual revenue and create a strong and diverse portfolio of connectivity solutions for the growing IoT market, making it easier for customers to find innovative end to end solutions for any segment. The deal is also expected to be immediately accretive to Semtech’s non-GAAP EPS before synergies and generate US$40 million of run-rate operational synergies within 12-18 months post-transaction close. This acquisition brings together two important technologies for the future of IoT – LoRa and cellular – to enable the digitization of the industrial world with a comprehensive chip-to-Cloud platform. Semtech expects the combination of Sierra Wireless’ cellular capabilities across its modules, gateways and managed connectivity together with Semtech’s LoRa-enabled end nodes to create a uniquely differentiated IoT portfolio which will enable a plethora of new IoT use cases to be conceived. In addition, the combination of Sierra Wireless’ Cloud services offerings and Semtech’s LoRa Cloud™ services will bring together a future Cloud services portfolio offering that will include enhanced security, provisioning, device management, and geolocation capabilities for power optimized IoT applications. This new Cloud services capability is expected to add greater than US$100 million of high-margin IoT Cloud services recurring revenues immediately. “We believe the next era of technology growth is the full digitization of our industrial world – the Internet of Everything. Our vision is to build a simple, horizontal platform with the goal of accelerating this transformation and to bring about a smarter and more sustainable planet,” said Semtech president and chief executive officer, Mohan Maheswaran. “This exciting strategic acquisition of Sierra Wireless is a critical part of bringing this vision to life through the combination of cellular, LoRa and Cloud services. Together, with the world-class Sierra Wireless engineering team, we will be positioned to advance the market with multi-radio solutions that bring new chip-to-Cloud services to support customers and grow our business.” “Over the last year, Sierra Wireless has taken decisive steps to profitably grow the business, and I am proud that the progress we have made has culminated in this exciting transaction. Together with Semtech, we will be able to extend the reach of IoT solutions by scaling, optimizing and ultimately delivering an even stronger product portfolio and service model to customers, Sierra Wireless is a high growth business with some of the best, most advanced IoT technology in the industry, and we are pleased to deliver immediate and compelling value to our shareholders through this transaction. Joining Semtech will also allow us to bring cellular and LoRa technology together to create innovative solutions that exceed the expectations of our customers around the world while delivering exciting career opportunities to our talented employees as part of the combined company.” Phil Brace, president and chief executive officer of Sierra Wireless Sierra Wireless brings highly complementary skills and capabilities to Semtech, including Sierra Wireless’ leading modules, gateways, 5G, and Cloud services. Given Sierra Wireless’ demonstrated expertise in IoT and cellular engineering, software and services, and its extensive knowledge of IoT channels and vertical markets, Semtech expects the combined company will be well positioned to serve high growth segments such as: Supply chain, logistics and asset management Utilities, including water, gas and electric metering Smart cities and building, including air quality monitoring and public safety Smart agriculture and species protection Transaction Details Under the terms of the agreement, Sierra Wireless shareholders will receive US$31 per common share. This represents a premium of approximately 25% to the closing price of Sierra Wireless’ common stock on July 29, 2022, the last trading day prior to media speculation regarding a potential transaction, and a premium of approximately 30% to Sierra Wireless’ unaffected 30-day volume weighted average price. Semtech intends to fund the transaction with cash on hand and committed debt financing arranged by J.P. Morgan. This transaction has been approved by the Semtech and Sierra Wireless Boards of Directors. This transaction is subject to approval by Sierra Wireless shareholders, certain regulatory bodies and the Supreme Court of British Columbia, and other customary closing conditions. This transaction is expected to close in Semtech’s fiscal year 2023. Until close, the parties remain separate independent companies. Sierra Wireless Preliminary Financial Results In a separate press release issued today, Sierra Wireless announced preliminary details relating to certain of its financial results for its second quarter of 2022. Sierra Wireless will issue a press release to share its full second quarter financial results after the market closes Aug. 11, 2022. The Sierra Wireless preliminary results press release is available on its website. About Semtech Semtech Corporation is a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the Nasdaq Global Select Market under the symbol SMTC. For more information, visit www.semtech.com. About Sierra Wireless Sierra Wireless is a world leading IoT solutions provider that combines devices, network services, and software to unlock value in the connected economy. Sierra Wireless works with its customers to develop the right industry-specific solution for their IoT deployments, whether this is an integrated solution to help connect edge devices to the cloud, a software/API service to manage processes with billions of connected assets, or a platform to extract real-time data to improve business decisions. With more than 25 years of cellular IoT experience, Sierra Wireless is a global partner customers trust to deliver them their next IoT solution.

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Globant Launches Automotive Studio With Focus on Mobility at Scale

Globant | August 08, 2022

Globant a digitally native company focused on reinventing businesses through innovative technology solutions, today announced the launch of its Automotive Studio. With this new offering, the company aims to become the bridge the automotive industry needs toward mobility and digital revolutions. As the newest addition to Globant's Reinvention Studios portfolio, the Automotive Studio will help reinvent the industry by capturing the best capabilities from different technologies, including Metaverse, Gaming, Blockchain, Sustainability, Data & AI, IoT, UI Engineering, and Conversational Interfaces, leading to immersive customer experiences and augmented design. "The automotive industry has been changing over the last decade with exceptional speed. Software is quickly becoming the value of the car. Security aspects such as ADAS, connected vehicles, and service-based functionality are all increasing the demand for our capabilities, With this new Studio, Globant will leverage its cutting-edge capabilities to empower and support the ultimate mobility reinvention." Diego Tartara, Chief Technology Officer at Globant The Automotive Studio provides eight innovative practices that deliver added value: Software-Defined Vehicle: Help original equipment manufacturers and mobility companies implement software architecture to better access, understand, use, and update services necessary for new mobility solutions. Mobile Customer Engagement: Design personalized marketing content, engaging digital experiences, and real-time data analysis. Connected Mobility: Unlock the power of a vast data lake to build intelligent, personalized features and revenue-generating mobility services. Autonomous Driving: Help clients implement robotics and machine learning to accelerate autonomous vehicle development. Manufacturing & Supply Chain: Implement AI and machine learning to process supply chain information to track and trace the entire production process with unparalleled efficiency. Product Engineering: Reduce time to market by empowering product developers and engineers to solve complex problems using high-performance computing, model-based design, and large-scale parallel simulations. Mobility enters the Metaverse: Help clients boost new revenue streams through the development and launch of gaming platforms, NFT design, product showcases, virtual venues, and even virtual immerse training. Sustainability: Counsel clients on embedding sustainability and sustainable innovation across the value chain. "Vehicles are quickly evolving into digital software platforms, with AI, IoT, and data and other technologies accelerating the change, We're enthusiastic about leveraging opportunities in this industry, building the bridge from where the automotive industry is coming from to where it's going. Our experts and partners are creating cutting-edge solutions, scaling and enhancing customer experiences, leveraging AI to increase efficiency in the ICE business and boosting new business models, building the future of mobility." Marina Saint-Lary, Globant CSO and Automotive Studio Lead In the past year, Globant launched Reinvention Studios to leverage its industry knowledge and enable the profound transformation of specific industries by leaning on the deep technology expertise of the existing Digital Studios (which are focused on technologies like the Metaverse, Data & AI, and Blockchain, among others). Its portfolio includes Airlines, Bluecap Future Finance, EdTech, Gaming, Life Sciences, Media & Entertainment, Smart Payments, and Travel & Hospitality Studios. About Globant We are a digitally native company that helps organizations reinvent themselves to create a way forward and unleash their potential. We are the place where innovation, design, and engineering meet scale. We have more than 24,500 employees, and we are present in 19 countries working for companies like Google, Electronic Arts, and Santander, among others. We were named a Worldwide Leader in CX Improvement Services by IDC MarketScape report. We were also featured as a business case study at Harvard, MIT, and Stanford. We are a member of the Green Software Foundation (GSF) and the Cybersecurity Tech Accord.

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Quanergy Announces World’s First 2D 360° PoE LiDAR Sensor

Quanergy | August 08, 2022

Quanergy Systems, Inc., (NYSE: QNGY) (“Quanergy”) a leading provider of LiDAR sensors and smart 3D solutions, today announced the M1 Edge PoE LiDAR sensor, building on the company’s M1 Edge™ solution. This new IoT sensor expands Quanergy’s presence in the security Perimeter Intrusion Detection (PID) market, by providing higher detection accuracy at a lower price than competing LiDAR solutions. In addition, this sensor increases the number of industrial use cases that LiDAR can address. Quanergy’s M1 Edge LiDAR sensors enable smart awareness for applications that require simple object detection and alerting capabilities. The M1 Edge PoE is ideal for any environment where threats can come from small objects or in hard-to-reach places. Such use cases include: Monitoring rooftops and indoor spaces for potential intruders Increasing data rack and cabinet security at data centers by detecting unauthorized access Creating a virtual fence around perimeter lines for commercial security applications to detect anomalous behavior and potentially dangerous objects being thrown over the fence Protection of critical infrastructure such as data centers, transportation hubs, oil and gas facilities, transformer substations and telecommunication facilities Perimeter Detection, Zone Protection and Anti Climb Prevention Detecting objects dropped by drones near prisons or other high security infrastructure facilities The M1 Edge PoE’s industry-leading angular resolution allows it to detect objects as small as a ball or even a pen, with a high degree of accuracy up to tens of meters away from the sensor. When coupled with Quanergy’s MQ-8™ and Qortex DTC™ products, it provides the most complete LiDAR-based security solution in the industry. This new solution also expands Quanergy’s industrial use cases. The M1 Edge PoE can automate time-consuming and error-prone bin-picking applications and reduce accidents in Automated Storage and Retrieval Systems (ASRS). It allows for Power over Ethernet (PoE), simplified wiring for a lower installation cost, up to 16 evaluation fields and a higher number (up to 128) of configurable detection zones per evaluation field. It also integrates with QORTEX Aware™ perception software, enabling customers to create detection zones to monitor and flag any anomalies back to the main system. Gerald Becker, vice president of market development and alliances, Quanergy, said: “We’re enabling smarter awareness for applications requiring simple object detection and alerting capabilities. The new M1 Edge PoE features provide increased coverage and more flexibility – and enable us to deliver new security solutions such as security zone detection for perimeter protection, fence line detection, and rooftop surveillance applications.” Tony Rigoni, director of industrial markets, Quanergy, said: “By increasing the number of detection zones per field from three to 128, we can enable many more applications - many of which were previously unsolvable. The M1 Edge PoE is easy and quick to set up, enabling customers to rapidly collect and make use of LiDAR data.” About Quanergy Systems, Inc. Quanergy’s (NYSE: QNGY and QNGY.WS) mission is to create powerful, affordable smart LiDAR solutions for automotive and IoT applications to enhance people’s experiences and safety. Quanergy has developed the only true 100% solid-state CMOS LiDAR sensor built on optical phased array (OPA) technology to enable the mass production of low-cost, highly reliable 3D LiDAR solutions. Through Quanergy’s smart LiDAR solutions, businesses can now leverage real-time, advanced 3D insights to transform their operations in a variety of industries including industrial automation, physical security, smart cities, smart spaces and much more. Quanergy solutions are deployed by nearly 400 customers across the globe.

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