IoT is the 4th Industrial Revolution

The Internet of Things : Integrating Systems and Devices and using Big Data, Analytics and Business Intelligence.

Spotlight

TechStar Group

TechStar Group is a niche Product Development, Business Solutions, and global IT Services firm based in Dallas, TX. At TechStar, we help drive Customer Success by leveraging our expertise in IT Solutions and Business Process improvements.

OTHER ARTICLES
Security, IoT Security

5 Things to Know About the IoT Platforms Market

Article | July 13, 2023

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.

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IoT Security

Beyond 2022: The Future of IoT Device Management

Article | July 5, 2023

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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Industrial IoT, IoT Security

Four ways to ensure IoT success

Article | July 12, 2023

Three out of four IoT projects are considered a failure, according to Cisco. This is troubling but even more so when Cisco also found 61 per cent of companies say they believe they’ve barely begun to scratch the surface of IoT can do for their business? Businesses believe in the long-term value offered by integrating IoT into their business plan, however, they lack the knowledge of what is required to ensure the success of such a complex project. By studying past failed projects, technology leaders can gain a better understanding of why they failed and what they can do differently when evaluating and undertaking new IoT initiatives.

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Software and Tools

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

Article | May 26, 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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Spotlight

TechStar Group

TechStar Group is a niche Product Development, Business Solutions, and global IT Services firm based in Dallas, TX. At TechStar, we help drive Customer Success by leveraging our expertise in IT Solutions and Business Process improvements.

Related News

Enterprise Iot, Infrastructure, Platforms

Emnify Announces First, Cloud-Native IoT Connectivity in Brazil

Businesswire | August 14, 2023

emnify, the industry-leading, cloud IoT connectivity provider, is excited to announce the first dedicated, cloud-native, IoT connectivity in Brazil, in a direct partnership with Claro Brasil. The addition of Brazil to the emnify IoT SuperNetwork advances the company’s mission to provide a single, globally distributed, cloud-native IoT network to reduce the complexity of IoT connectivity while creating new opportunities for growth for IoT businesses everywhere. This most recent expansion of the SuperNetwork marks a significant milestone in emnify’s commitment to unlocking challenging markets while maintaining consistent capabilities against a highly fragmented coverage and regulatory landscape. emnify’s success in Brazil demonstrates the agility of the company’s cloud-native approach to rapidly innovate to help IoT businesses take advantage of new opportunities and work together to achieve successful IoT business outcomes. As an AWS Advanced Technology Partner, emnify will be the first to enable a complete, native, AWS IoT cloud stack, including connectivity, in Brazil. Now, local customers can benefit from a native integration of SuperNetwork connectivity into the leading global IoT application stack of AWS. Innovating to unlock IoT opportunity According to Transforma Insights, cellular-based IoT connections in Brazil are forecast to grow from 29 million at the end of 2022 to 69 million at the end of 2027, a CAGR of 19.1%. “Brazil is the most prominent example of a country where strict roaming regulations have proven to be a challenge for IoT businesses looking to capture the opportunity in the market,” said Matt Hatton, Founding Partner at Transforma Insights. “Enterprises looking for consistency in managing global IoT deployments require a solution that specifically addresses the demands of the Brazilian market, such as emnify’s IoT-specific network access allied with its own cloud-native mobile core network.” "We are proud to be the first cloud-native IoT connectivity provider to add Brazil to the growing list of countries where we currently offer coverage, delivering on the promise of the SuperNetwork," said Frank Stoecker, CEO of emnify. "Wherever you deploy IoT devices, the SuperNetwork provides a consistent and complete set of superior capabilities including connectivity management, cross-network insights, device and data security and a complete set of APIs, creating new levels of scalability and reducing operational friction.” About emnify emnify is the leading cloud building block for cellular communications in the IoT stack, connecting millions of IoT devices globally – from electric vehicles to energy meters, alarm systems to GPS trackers, thermometers to health wearables. The emnify API and SIM technology connect and secure any kind of IoT deployment to its application back-end. emnify’s cloud-native integrations and no-code workflows ensure seamless lifecycle scalability for deployments of all sizes – from local start-up to global enterprise. The award-winning emnify IoT SuperNetwork is the largest globally distributed mobile cloud core network of its kind, supporting local network access (2G – 5G, LTE-M, NB-IoT and soon satellite) in over 180 countries from more than 25 cloud regions – and counting. emnify’s solution is built on partnerships with the leading hyperscale cloud service providers, system integrators, and hundreds of radio network operators worldwide.

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Software and Tools

Hanshow Elevates Retail Digitalization with Its New IoT Platform

Hanshow | June 03, 2022

European merchants were among the first in the world to use electronic shelf labels (ESLs) to cut costs and lay the groundwork for retail digitization. The new IoT platform All-Star is being released and introduced by digital solutions provider Hanshow (EuroCIS booth - 9 D13) at this week's EuroCIS 2022 trade show, ready to drive Europe's brick-and-mortar retail into a new era of efficiency and profitability. Hanshow has been a significant driver of this transition since entering the European market in 2016, with approximately 100 million ESLs installed across the continent. Hanshow is showcasing a variety of new solutions at EuroCIS 2022, ranging from AI-powered shelf monitoring to self-checkout trolleys and in-store marketing, and is continually evolving the smart shops of the future. The IoT platform All-Star, which focuses on the retail industry and is built expressly to assist merchants extend and update their digitalization, is one of the latest innovations showcased by Hanshow at EuroCIS. All-Star provides one-stop IoT solutions ranging from IoT device management to digital operations upgrades, empowering retail customers to quickly establish IoT equipment management capabilities and be able to flexibly build business applications and integrate customized business connections to boost operation efficiency of smart stores further and elevate customer in-store experience. The AllStar platform serves as an integrated system for managing a store's full digital devices, with SaaS and private deployment options that offer unified user authentication and third-party application access integration via an open API based on HTTP. As a result, one of its key product innovations is to address the new challenges posed by the growing number of IoT devices, all of which operate on different networks and communicate using different transmission signals, as a single store may require a number of different login systems, each requiring operations personnel who are trained in each. As a result, each retail solution management platform can now be accessed through All-Star for a holistic integration of all essential business operation activities, making device maintenance substantially easier. "Hanshow has developed All-Star and the rest of its solutions specifically with global retailers in mind to achieve a more holistic form of digitalization. These new solutions, software, and transmission technologies all combine to help retailers in Europe move into an exciting new era of digitalization. This unlocks great new opportunities. We're just seeing the beginning of what's possible," Shiguo Hou In addition to the All-Star system, Hanshow has created an industry-first communications protocol that employs a single transmission frequency to communicate with all Hanshow IoT devices, reducing the number of signal frequencies required previously.

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Software and Tools

Knorr-Bremse is Nexxiot's new client and strategic investor

Nexxiot | June 01, 2022

Nexxiot, the global TradeTech pioneer, welcomed Knorr-Bremse as a new customer and strategic investor. Knorr-Bremse is the global market leader for brake systems and other rail and commercial vehicle systems. Knorr-Bremse and its North American subsidiaries New York Air Brake and Knorr Brake Company will integrate Nexxiot's IoT hardware and software into future rail products and systems, proactively driving digital connectivity into its vast railroad customer base, in a major deal that will shape the future of rail transportation. Knorr-customers Bremse's will benefit from higher vehicle availability, optimized lifetime costs, and greater operational efficiency by linking their rail brakes, doors, HVAC, sanitary, and other systems to Nexxiot's digital environment. The company will also solidify its position as one of the most innovative rail providers, providing clients with appealing new insights and digital services. Knorr-Bremse joins Nexxiot as a strategic minority investor. Existing shareholders and the leading investment management firm QVIDTVM, directed by Burak Alici, have increased their holdings. "As a core element in our strategy, we're using digitalization to leverage our already strong position in safety- and mission-critical rail vehicle systems, and to generate further growth and strong profitability. Together with Nexxiot's dedicated team, we're now pressing ahead with our ambition to add further value for our customers. By combining our systems technology with Nexxiot's digital ecosystem, we're creating a win-win scenario that will boost vehicle availability and lower the total cost of fleet ownership by leveraging a new generation of data-based services," explains Dr. Jürgen Wilder, Member of the Executive Board of Knorr-Bremse AG and responsible for the Rail Vehicle Systems division. "This partnership with Knorr-Bremse, a leading supplier of rail vehicle systems, will help us build the best products and services for the industry. Together, we aim to accelerate the digitalization of key areas like rail freight and automation services. At the same time, we'll also be able to speed up our own expansion in the rail industry and continue our strong growth, Specifically, our sensors and scalable cloud-based platform help turn rolling stock assets into connected, data-generating industrial objects. Leveraging rail data in real-time will be a key success factor in helping make rail and rail services fit for the future." Stefan Kalmund, CEO of Nexxiot The Nexxiot Globehopper LINK gadget, which checks the status of some of the most critical sections of a railcar, such as doors and brakes, and sends the data to the cloud, will be deployed by Knorr-Bremse. Nexxiot uses unique algorithms and Big Data analytics to transform this data into new business information and data-driven services for all stakeholders in the value chain. This Internet of Things technology will enable operators to automate important business processes and get a wealth of new insights, resulting in a significant increase in efficiency, sustainability, customer service, and profitability. Train parts that haven't been monitored in real time are now visible and accessible digitally.

Read More

Enterprise Iot, Infrastructure, Platforms

Emnify Announces First, Cloud-Native IoT Connectivity in Brazil

Businesswire | August 14, 2023

emnify, the industry-leading, cloud IoT connectivity provider, is excited to announce the first dedicated, cloud-native, IoT connectivity in Brazil, in a direct partnership with Claro Brasil. The addition of Brazil to the emnify IoT SuperNetwork advances the company’s mission to provide a single, globally distributed, cloud-native IoT network to reduce the complexity of IoT connectivity while creating new opportunities for growth for IoT businesses everywhere. This most recent expansion of the SuperNetwork marks a significant milestone in emnify’s commitment to unlocking challenging markets while maintaining consistent capabilities against a highly fragmented coverage and regulatory landscape. emnify’s success in Brazil demonstrates the agility of the company’s cloud-native approach to rapidly innovate to help IoT businesses take advantage of new opportunities and work together to achieve successful IoT business outcomes. As an AWS Advanced Technology Partner, emnify will be the first to enable a complete, native, AWS IoT cloud stack, including connectivity, in Brazil. Now, local customers can benefit from a native integration of SuperNetwork connectivity into the leading global IoT application stack of AWS. Innovating to unlock IoT opportunity According to Transforma Insights, cellular-based IoT connections in Brazil are forecast to grow from 29 million at the end of 2022 to 69 million at the end of 2027, a CAGR of 19.1%. “Brazil is the most prominent example of a country where strict roaming regulations have proven to be a challenge for IoT businesses looking to capture the opportunity in the market,” said Matt Hatton, Founding Partner at Transforma Insights. “Enterprises looking for consistency in managing global IoT deployments require a solution that specifically addresses the demands of the Brazilian market, such as emnify’s IoT-specific network access allied with its own cloud-native mobile core network.” "We are proud to be the first cloud-native IoT connectivity provider to add Brazil to the growing list of countries where we currently offer coverage, delivering on the promise of the SuperNetwork," said Frank Stoecker, CEO of emnify. "Wherever you deploy IoT devices, the SuperNetwork provides a consistent and complete set of superior capabilities including connectivity management, cross-network insights, device and data security and a complete set of APIs, creating new levels of scalability and reducing operational friction.” About emnify emnify is the leading cloud building block for cellular communications in the IoT stack, connecting millions of IoT devices globally – from electric vehicles to energy meters, alarm systems to GPS trackers, thermometers to health wearables. The emnify API and SIM technology connect and secure any kind of IoT deployment to its application back-end. emnify’s cloud-native integrations and no-code workflows ensure seamless lifecycle scalability for deployments of all sizes – from local start-up to global enterprise. The award-winning emnify IoT SuperNetwork is the largest globally distributed mobile cloud core network of its kind, supporting local network access (2G – 5G, LTE-M, NB-IoT and soon satellite) in over 180 countries from more than 25 cloud regions – and counting. emnify’s solution is built on partnerships with the leading hyperscale cloud service providers, system integrators, and hundreds of radio network operators worldwide.

Read More

Software and Tools

Hanshow Elevates Retail Digitalization with Its New IoT Platform

Hanshow | June 03, 2022

European merchants were among the first in the world to use electronic shelf labels (ESLs) to cut costs and lay the groundwork for retail digitization. The new IoT platform All-Star is being released and introduced by digital solutions provider Hanshow (EuroCIS booth - 9 D13) at this week's EuroCIS 2022 trade show, ready to drive Europe's brick-and-mortar retail into a new era of efficiency and profitability. Hanshow has been a significant driver of this transition since entering the European market in 2016, with approximately 100 million ESLs installed across the continent. Hanshow is showcasing a variety of new solutions at EuroCIS 2022, ranging from AI-powered shelf monitoring to self-checkout trolleys and in-store marketing, and is continually evolving the smart shops of the future. The IoT platform All-Star, which focuses on the retail industry and is built expressly to assist merchants extend and update their digitalization, is one of the latest innovations showcased by Hanshow at EuroCIS. All-Star provides one-stop IoT solutions ranging from IoT device management to digital operations upgrades, empowering retail customers to quickly establish IoT equipment management capabilities and be able to flexibly build business applications and integrate customized business connections to boost operation efficiency of smart stores further and elevate customer in-store experience. The AllStar platform serves as an integrated system for managing a store's full digital devices, with SaaS and private deployment options that offer unified user authentication and third-party application access integration via an open API based on HTTP. As a result, one of its key product innovations is to address the new challenges posed by the growing number of IoT devices, all of which operate on different networks and communicate using different transmission signals, as a single store may require a number of different login systems, each requiring operations personnel who are trained in each. As a result, each retail solution management platform can now be accessed through All-Star for a holistic integration of all essential business operation activities, making device maintenance substantially easier. "Hanshow has developed All-Star and the rest of its solutions specifically with global retailers in mind to achieve a more holistic form of digitalization. These new solutions, software, and transmission technologies all combine to help retailers in Europe move into an exciting new era of digitalization. This unlocks great new opportunities. We're just seeing the beginning of what's possible," Shiguo Hou In addition to the All-Star system, Hanshow has created an industry-first communications protocol that employs a single transmission frequency to communicate with all Hanshow IoT devices, reducing the number of signal frequencies required previously.

Read More

Software and Tools

Knorr-Bremse is Nexxiot's new client and strategic investor

Nexxiot | June 01, 2022

Nexxiot, the global TradeTech pioneer, welcomed Knorr-Bremse as a new customer and strategic investor. Knorr-Bremse is the global market leader for brake systems and other rail and commercial vehicle systems. Knorr-Bremse and its North American subsidiaries New York Air Brake and Knorr Brake Company will integrate Nexxiot's IoT hardware and software into future rail products and systems, proactively driving digital connectivity into its vast railroad customer base, in a major deal that will shape the future of rail transportation. Knorr-customers Bremse's will benefit from higher vehicle availability, optimized lifetime costs, and greater operational efficiency by linking their rail brakes, doors, HVAC, sanitary, and other systems to Nexxiot's digital environment. The company will also solidify its position as one of the most innovative rail providers, providing clients with appealing new insights and digital services. Knorr-Bremse joins Nexxiot as a strategic minority investor. Existing shareholders and the leading investment management firm QVIDTVM, directed by Burak Alici, have increased their holdings. "As a core element in our strategy, we're using digitalization to leverage our already strong position in safety- and mission-critical rail vehicle systems, and to generate further growth and strong profitability. Together with Nexxiot's dedicated team, we're now pressing ahead with our ambition to add further value for our customers. By combining our systems technology with Nexxiot's digital ecosystem, we're creating a win-win scenario that will boost vehicle availability and lower the total cost of fleet ownership by leveraging a new generation of data-based services," explains Dr. Jürgen Wilder, Member of the Executive Board of Knorr-Bremse AG and responsible for the Rail Vehicle Systems division. "This partnership with Knorr-Bremse, a leading supplier of rail vehicle systems, will help us build the best products and services for the industry. Together, we aim to accelerate the digitalization of key areas like rail freight and automation services. At the same time, we'll also be able to speed up our own expansion in the rail industry and continue our strong growth, Specifically, our sensors and scalable cloud-based platform help turn rolling stock assets into connected, data-generating industrial objects. Leveraging rail data in real-time will be a key success factor in helping make rail and rail services fit for the future." Stefan Kalmund, CEO of Nexxiot The Nexxiot Globehopper LINK gadget, which checks the status of some of the most critical sections of a railcar, such as doors and brakes, and sends the data to the cloud, will be deployed by Knorr-Bremse. Nexxiot uses unique algorithms and Big Data analytics to transform this data into new business information and data-driven services for all stakeholders in the value chain. This Internet of Things technology will enable operators to automate important business processes and get a wealth of new insights, resulting in a significant increase in efficiency, sustainability, customer service, and profitability. Train parts that haven't been monitored in real time are now visible and accessible digitally.

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