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IoT could be the killer app for blockchain
LUCAS MEARIAN | June 25, 2018
ULTRA IoT is a one-stop-shop for modular IoT solutions. From scientific environmental monitoring to smart products that create value for a business, we offer quick, custom made solutions.
Article | March 3, 2020
By the end of this year there will be 5.8 billion Internet of Things (IoT) endpoints, according to Gartner. And depending on how IoT devices are counted the number is even higher. Statista, for example, estimates the device count for 2020 to be more than 30 billion. Security remains a big challenge for IoT as a strategy to be successful. IoT devices are still not being designed with security as a top priority.Mary O’Neill, VP of security at Nokia, noted in a press conference at MWC Los Angeles 2019 and reported by SDXCentral, that “if an IoT device today is plugged into the network and it doesn’t have protection on it, it’s infected in three minutes or less.”Jake Williams, founder of the security firm Rendition Infosec, said that “IoT vendors emphasize, often rightly, that their products improve quality of life, but they often neglect to disclose the risk of these devices to consumers. The onus of understanding how an IoT device might impact security should not be purely on the consumer. The vendor shares this responsibility.
Article | March 18, 2020
There are already 20 billion IoT-connected devices, and 8 billion of those are devices used by enterprises, according to a report by Gartner. The impact of the Internet of Things market is potentially $11 trillion by 2025. The investment in IoT has come primarily from large businesses, but the technology is increasingly available via ‘as-a-service’, making it possible for businesses of all sizes to benefit. The ‘as-a-service’ model reduces the cost of ownership and capital expenditures and makes it easy for small businesses to investigate IoT with smaller up-font investments and less risk. Frank Della Rosa, research director at IDC, said that “Software as a Service (SaaS) continues to be the most highly deployed cloud segment, representing a commanding 62.4% of the total cloud market revenues.”
Article | June 8, 2021
5 years ago, when we forecasted that the IoT platforms market would have a 5-year compound annual growth rate (CAGR) of 35%, we wondered if our growth projection was unrealistically high.
5 years later, it has become apparent that the forecast was actually too low. The IoT Platforms market between 2015 and 2020 grew to be $800 million larger than we forecasted back in early 2016, resulting in a staggering 48% CAGR.
Comparing what we “knew” back in 2016 to what we know today provides some clues as to why the market exceeded expectations so much. 5 years ago, no one really knew what an IoT platform was, let alone how big the market would be, which business models would work, how architectures would evolve, and which companies/industries would adopt them. The only thing that was “known” was that the IoT platforms market was a billion dollar “blue ocean” opportunity ready to be captured by innovative companies.
Article | March 20, 2020
Workers in construction, agriculture and manufacturing are reported to have the highest incident rates, according to the 2018 research of the US Bureau of Labor Statistics. Medical expenses for work-related injuries are scoring millions of dollars each year. In recent years, businesses have increasingly opted for industrial IoT solutions that offer advanced monitoring capabilities designed to predict and prevent incidents. In many situations, smart monitoring can save lives in the event of equipment misuse or failure, inefficient safety regulations and health-threatening sites.
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