IoT Connections to Reach 83 Billion by 2024: Report

CISOMAG | March 31, 2020

A new report from Juniper Networks, a provider of AI-driven networks, found that the total number of IoT connections will reach 83 billion by 2024, from 35 billion connections in 2020, which represents a growth of 130% over the next 4 years. The research, “The Internet of Things: Consumer, Industrial & Public Services 2020-2024”, revealed the industrial sector as a key player for IoT connections growth. It’s said that the industrial sector accounted for 60 billion IoT connections presently. The research findings also highlighted that the industrial sector, including manufacturing, retail, and agriculture will account for 70% of IoT connections by 2024. It’s expected that the emergence of cost-efficient private cellular networks would be a key driver of growth over the next 4 years, with nearly 180% growth over the next 4 years.

Spotlight

Technology in the healthcare industry has evolved rapidly in recent decades, particularly with the advent of the Internet of Things. Currently, healthcare IoT offers the benefit of significantly increased situational awareness surrounding patient and hospital operations. However, this technology also introduces new and unfamiliar cybersecurity risks with enormous consequences to human life. Spending on IoT in healthcare is expected to reach $117 billion by 2020. With this level of adoption, healthcare technology executives will have to rethink security in light of the vulnerabilities that will arise as a result of these new technologies. Let’s examine the risks posed by IoT in healthcare and some best practices CIOs can leverage to help mitigate them.


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ENTERPRISE IOT

SuperCom Announces New Wyoming Government Electronic Monitoring Contract

SuperCom | January 11, 2022

SuperCom, a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, announced today that it has secured a new electronic monitoring contract in Wyoming. The contracting agency is an Adult and Juvenile Probation Agency and plans to use SuperCom's PureTrack GPS smartphone products to monitor their case load for location compliance. The contract is structured as a recurring per unit per day lease model, with billing at the end of each month. "We are pleased to start 2022 with another government contract win and expansion into another US state. This is our first customer in Wyoming and adds to a diverse mix of government agencies around the world in our customer base. PureTrack continues to prove its flexibility in serving adult, juvenile, direct government and channel sales markets across the US and Europe." Ordan Trabelsi, President and CEO of SuperCom "With each new customer, we demonstrate further that our proprietary hardware, software and services continue to fill unmet needs in the criminal justice market. The design of our solutions allows us to not only grow our share within the market but also expand the market by introducing unique features that improve public safety, officer convenience, and recidivism rates," Ordan concluded. SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform, which contains a comprehensive set of innovative features, including smart phone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens and extended battery life. About SuperCom Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.

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SOFTWARE AND TOOLS

Identiv Continues to Accelerate and Expand Global IoT Footprint with Increased Capacity, New Talent, and Advanced Certifications

Identiv | May 12, 2022

Identiv, Inc. (NASDAQ: INVE), global digital security and identification leader in the Internet of Things (IoT), today announced its Singapore transponder facility is fast approaching 350M+ units for specialty radio frequency identification (RFID) products through 2023. The company secured globally recognized compliance certifications and performance metrics to deliver accelerated growth in innovative IoT and RFID solutions. RFID and near field communication (NFC) are connective technologies enabling the rapid expansion of the IoT as the need to exchange more data between objects increases. Investment firm Craig-Hallum estimates the IoT market should grow at a ~20% CAGR over several years, approaching a $1T market longer-term. As more products request specialized RFID technology, Identiv is uniquely positioned to accelerate growth. "Identiv has unlocked accelerated growth with a focused strategy. We anticipated this trend and positioned our facilities accordingly, investing in highly integrated manufacturing, specialty R&D, and additional sales capacity to pursue and develop novel use cases. We have taken a once commoditized RFID tag and enabled innovative, higher-margin applications at scale," said Amir Khoshniyati, VP and GM Transponders, Identiv. Identiv continues to build a team with best-in-class engineering and operations talent to drive RFID business growth and expansion in its Singapore Center of Excellence in the Serangoon North cluster. The company has invested substantially in the Singapore production site and will continue to further its scale beyond the nine-figure production capabilities with premier manufacturing, converting, and encoding equipment. "The investment in our R&D and manufacturing capabilities means we can bring a highly specialized and complex RFID project from iteration to production-ready device in months. This compares to commodity-focused providers taking years to complete. The Singapore facility is on track for 350M+ units through 2023." Dr. Manfred Mueller, COO and GM Identity, Identiv. In addition to substantially increased capacity, Identiv has completed important compliance and certification marks to deliver innovative IoT solutions. The company achieved the world's most recognized quality management standard certification, ISO 9100, to drive continuous improvement, streamline operations, and reduce costs. The certification requires a rigorous audit of business processes and achievement of the certification demonstrates Identiv's ability to provide quality while continuously improving services and internal processes and gives customers confidence in the company's operations. Identiv also secured ISO 14001, the international standard for environmental management systems (EMS). ISO 14001 is the principal management system standard that specifies requirements for the formulation and maintenance of an EMS. The certification confirms that Identiv operations meet the highest standards for environmental management and show a strong commitment to sustainability and environmental protection. The company also achieved the local Singapore Workplace Safety and Health Council bizSAFE level 3 compliance certificate designed to deliver workplace safety and health capabilities. Identiv's leading healthcare and mobility customers have each provided compliance certifications with the highest standards. The recent achievements position Identiv with product innovation and sustainability awards in multiple categories. "The increasing demand for RFID and NFC solutions to verify identities and security in the IoT are embedded in billions of everyday objects, including medical devices, books, toys, athletic apparel, perishables, and pharmaceuticals. We will continue to invest in increasing our capacity and bringing on new talent to create a digital identity for every physical object," said Khoshniyati. About Identiv Identiv, Inc. is a global leader in digitally securing the physical world. Identiv's platform encompasses RFID and NFC, cybersecurity, and the full spectrum of physical access, video, and audio security. Identiv is a publicly traded company, and its common stock is listed on the NASDAQ Stock Market LLC in the U.S. under the symbol "INVE".

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INDUSTRIAL IOT

project44 Expands Supply Chain Visibility Leadership in Europe with New Technologies

project44 | January 28, 2022

project44 today introduced new technologies that extend its lead as the most comprehensive multimodal supply chain visibility platform in Europe and worldwide. project44's European network has grown to more than 800,000+ connected assets and a reach of over 2.4 million assets – representing over half of all freight moved by land in Europe. The new offerings expand true intermodal visibility including rail visibility into all European countries with over 99% network coverage, extended visibility for barge, and enhanced cold-chain visibility. This breadth and depth are now even more extensive than any other supply chain visibility provider and therefore delivers the most value to global shippers, 3PLs and carriers. "Growing environmental pressure on European companies to achieve CO2-neutral supply chain operations by 2030 is driving increased demand toward rail-based transportation across the continent. The complexity of the European rail market has so far hindered true cross-border visibility. In response, we are dramatically improving the breadth and depth of our visibility platform globally, and in Europe specifically. Our newest technologies will help our customers improve ETAs, reduce costs, maximize on-time deliveries and maneuver around supply chain bottlenecks." Jett McCandless, Founder & CEO of project44 European Rail and New Silk Road Visibility Shippers and 3PLs in Europe need global visibility across all modes, including rail. Visibility into individual shipments and rail cars, using IoT sensors, is vital given the unpredictability of supply chain disruptions. In addition, as more shippers desire Asia-to-Europe (New Silk Road) rail movements to avoid port congestion and reduce carbon emissions, rail visibility with deep European networks is especially critical. project44's European rail network now delivers even more value to customers, including: All cargo rail movements across European countries, delivering the most comprehensive visibility coverage for customers IoT-enabled rail tracking mixed with proprietary, direct integration to all of Europe's rail infrastructure networks for the most precise and granular visibility Visibility for over 99% of European rail volume, including tracking on wagon level for 90% of rail cars, which ensures visibility for every customer shipment Greatly enhanced rail journey ETAs as well as intermodal ETAs end-to-end inclusive of Rail, for the most precise prediction of arrival and customer delivery times In summary, project44 delivers more value to customers as a result of even more extensive rail network coverage, higher-fidelity data and better accuracy than any other vendor in Europe. Notably, these offerings ensure customers receive differentiated value by delivering access to both proprietary infrastructure network data and freight forwarder rail data – sources no other vendor has access to. This facilitates faster on-time deliveries, more accurate ETAs and more usage of low-carbon rail shipping. Barge Visibility Barges are an environmentally friendly and cost-effective transit option but switching between barge and other modalities historically caused gaps in visibility for shippers and 3PLs. project44 is building upon its barge and feeder network with enhanced visibility that introduces precise real-time tracking, covering end-to-end barge segments across Europe for all customers. Key differentiators include: Intelligent asset-matching technology that extends visibility coverage by using data-science based techniques to track individual barges in real-time, without requiring typical identifying information Dynamic routing models that offer highly accurate ETAs for barge arrivals as well as intermodal end-to-end moves that include barge segments Sophisticated water depth modeling and inland waterway data sources that enables carriers to assess load capacity, maximizing on-time deliveries and avoiding delays for shippers and 3PLs Cold-Chain Temperature and Condition Monitoring Perishable, sensitive cargo requires continuous control and monitoring of temperature and other conditions. Without sensor-level visibility at the shipment level, shippers and 3PLs – particularly in the food and beverage and pharmaceutical industries – run the risk of product damage, spoilage and high costs from lost product. project44 has offered temperature monitoring for years and is now adding unmatched depth and breadth to its cold-chain visibility solution. The enhanced offering enables users to: Submit temperature ranges on a shipment and be notified if the trailer crosses the threshold, to give customers differentiated visibility, control and product protection Enable IoT and shipment-level tracking to get hyper-accurate locations and receive alerts in real-time for more proactive exception management, logistics operations and customer service Conduct temperature and condition monitoring via IoT for enhanced precision and granular visibility Overall, project44's cold chain technology adds a critical layer of visibility for customers that ship valuable, temperature-sensitive goods. By tracking temperatures in real-time, this offering ensures that goods reach their destination in prime condition. At the same time, it reduces rejected deliveries and minimizes the costs of regulatory compliance and claims processing. Extended Intermodal Visibility It's no longer enough to have strong visibility in each transport mode, let alone a single mode. Given the magnitude of supply chain challenges today, companies are forced to move products across more complex intermodal networks and to do so more dynamically. Therefore, stitching together visibility of orders across complex intermodal movements makes all the difference. The combination of these project44's product launches ensure global shippers, 3PLs and carriers gain intermodal visibility with depth and breadth unmatched by any other visibility vendor in the market. About project44 project44 is on a mission to make supply chains work. As the supply chain connective tissue, project44 operates the world's most trusted end-to-end visibility platform that tracks more than 1 billion shipments annually for over 1,000 of the leading brands, including top companies in manufacturing, automotive, retail, life sciences, food & beverage, and oil, chemical & gas. Using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability. The undisputed leader in the market, project44 was named the Leader in the Gartner Magic Quadrant, #1 in FreightWaves FreightTech 2021, the Customer's Choice in Gartner Peer Insights Voice of the Customer report. project44 is headquartered in Chicago with a diverse team spanning 17 global offices.

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INDUSTRIAL IOT

Marston Holdings acquires Vortex IoT Limited to enhance air quality and decarbonisation offering

Marston Holdings | January 19, 2022

Marston Holdings, the UK's leading provider of integrated, technology-enabled transport solutions, has announced its acquisition of Vortex IoT Limited, supplier of environmental sensors, networks and data solutions that support improved air quality and decarbonisation initiatives. Marston supports government, utilities and private sector clients through the delivery of market leading integrated technology-enabled solutions from design through to implementation, management and recovery. Marston's clients include local authorities seeking to build environmental schemes that reduce congestion and pollution. With the acquisition of Vortex, Marston will strengthen its offering by delivering complementary air quality and acoustic monitoring solutions that maximise awareness, identify pollution hotspots and improve public health. Air quality monitors and associated data and analytics are required to assess the success of policy in meeting clean air targets and Marston is excited to extend its technology offering to include these important and timely solutions. The acquisition of Vortex follows the 2019 acquisitions of Videalert, a supplier of intelligent traffic management solutions; ParkTrade, a Swedish-based European tolling payments and collections business; and LogicValley, an Indian-based AI-focused developer. Vortex's products further bolster Marston's transportation technology division, ensuring Marston is best placed to meet the evolving needs of its client base. Steve Callaghan, Chair of Marston Holdings, commented: "Marston Holdings has been on a journey of enhancing technological capability and I'm delighted that Vortex IoT's innovative solutions now form part of our end-to-end offering delivering cleaner, greener streets." "We have a long track record of successfully working in partnership with the public sector and this acquisition reflects client feedback seeking innovative, technology-enabled solutions," added Mark Hoskin, Chief Commercial Officer at Marston Holdings. "COP26 demonstrated public support for driving the transition to a zero-carbon economy. We are pleased to further enhance our ability to support our clients and their residents through cleaner, healthier and more people-friendly communities." "Joining Marston Holdings accelerates our ability to deliver social value and environmental change for clients. We are delighted to collectively build on the existing relationships we have established as trusted partners to our clients." Adrian Sutton, CEO of Vortex IoT About Marston Holdings Marston Holdings is the UK's largest provider of transportation and enforcement services supporting government, utilities and private sector clients. Employing over 6,000 staff and contractors across the UK, Europe and India, Marston Holdings' clients include Highways England, Transport for London and 280 local authorities. About Vortex IoT Limited Vortex IoT is a UK based company at the forefront of smart city technologies. The company builds environmental sensors, networks and data solutions to support decarbonisation efforts globally. As experts in the latest IoT, AI, 5G and LiDAR technology, Vortex enables smart cities and smart infrastructures to become more efficient, safer and greener.

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Spotlight

Technology in the healthcare industry has evolved rapidly in recent decades, particularly with the advent of the Internet of Things. Currently, healthcare IoT offers the benefit of significantly increased situational awareness surrounding patient and hospital operations. However, this technology also introduces new and unfamiliar cybersecurity risks with enormous consequences to human life. Spending on IoT in healthcare is expected to reach $117 billion by 2020. With this level of adoption, healthcare technology executives will have to rethink security in light of the vulnerabilities that will arise as a result of these new technologies. Let’s examine the risks posed by IoT in healthcare and some best practices CIOs can leverage to help mitigate them.

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