Over 80% of companies increased revenue by investing in Internet of Things: TCS study

TCS | July 22, 2015

Over 80% of companies increased revenue by investing in Internet of Things: TCS study
Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, launched a major new global study looking at the impact of IoT technologies across a wide range of industry sectors around the world.The TCS Global Trend study on IoT, which surveyed 795 executives from large multi-nationals, identifies the huge potential for revenue increases from IoT, while also highlighting the significant challenges that lie ahead for businesses transitioning to the new model.

Spotlight

“The Internet of Things, connecting a huge amount of devices to the Internet that communicate with each other and us, is taking shape. There is still some scepticism, but the fact is that the Internet is taking centre stage in the lives of people and this development will never stop. Internet simplifies and improves a great number of daily activities,” says Job Witteman, CEO of AMS-IX. “For us as an Internet exchange, but also for the networks connected to us, this means that we need to facilitate this process in the best way possible.


Other News
DEVICES

Johnson Controls acquires FogHorn, expanding leadership in Smart and Autonomous Buildings

Johnson Controls | January 13, 2022

Johnson Controls, the global leader for smart, healthy and sustainable buildings, has completed the acquisition of FogHorn, the leading developer of Edge AI software for the industrial and commercial Internet of Things (IoT) solutions. "Value is increasingly being created by applying intelligence at the edge-device level to create real-time, secure, actionable insights. By pervasively integrating Foghorn's world class Edge AI throughout our OpenBlue solution portfolio, we are accelerating the pace towards our vision of smart, autonomous buildings that continuously learn, adapt and automatically respond to the needs of the environment and people." Johnson Controls CTO Vijay Sankara "As the number of sensors and amount of data in buildings continues to grow exponentially, the value of processing data and applying intelligence at the edge, without having to send data to the cloud, becomes increasingly pronounced. Sastry Malladi, who served as Chief Technology Officer at Foghorn, will join Johnson Controls, reporting to Sankaran as Vice President, OpenBlue Artificial Intelligence. "We are thrilled to bring the Foghorn team and edge AI capabilities to Johnson Controls and OpenBlue," said Sastry Malladi, Foghorn's Chief Technology Officer. "By combining our respective strengths, Johnson Controls can make an even bigger impact on continuing to address some of the world's most pressing challenges of decarbonization, sustainability and energy efficiency, indoor air quality and smart, secure buildings." Financial terms of the transaction were not disclosed. FogHorn's technical team will be integrated into the OpenBlue Solutions organization. FogHorn's headquarters in Sunnyvale, California will function as an 'AI Hub' for Johnson Controls. About Johnson Controls At Johnson Controls we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet. With a history of more than 135 years of innovation, Johnson Controls delivers the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through its comprehensive digital offering OpenBlue. With a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology, software as well as service solutions with some of the most trusted names in the industry. About FogHorn FogHorn is a leading developer of edge AI software for industrial and commercial IoT application solutions. FogHorn's software platform brings the power of advanced analytics and machine learning to the on-premises edge environment enabling a new class of applications for advanced monitoring and diagnostics, machine performance optimization, proactive maintenance, and operational intelligence use cases. FogHorn's technology is ideally suited for OEMs, systems integrators and end customers in manufacturing, power and water, oil and gas, renewable energy, mining, transportation, healthcare, retail, as well as smart grid, smart city, smart building, and connected vehicle applications.

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SECURITY

DigiCert Acquires IoT Cybersecurity Provider Mocana

DigiCert, Inc. | January 14, 2022

DigiCert, Inc., a leading provider of TLS/SSL, IoT and other PKI solutions, backed by Clearlake Capital Group. L.P. ("Clearlake"), Crosspoint Capital, and TA Associates, today announced that it has acquired Internet of Things (IoT) cybersecurity provider Mocana. The combination of DigiCert and Mocana technologies provides IoT manufacturers and operators with a comprehensive platform for managing security across the full IoT device lifecycle. Terms of the transaction were not disclosed. The acquisition strategically accelerates DigiCert's presence in the fast-growing IoT market. IDC estimates there will be more than 55 billion connected devices by 2025, with growth fueled by organizational investment in IoT platforms for achieving operational efficiency, digital transformation and competitive differentiation. "IoT security has been a challenge for device manufactures and operators. With the addition of Mocana, DigiCert is building on its vision for delivering digital trust, a growing necessity in the IoT market as smart devices become ubiquitous in every corner of our personal and professional lives. We are excited to introduce new and existing customers to our integrated platform and welcome the addition of Mocana's expertise in IoT technology and the industrial and manufacturing verticals to the DigiCert team." DigiCert CEO John Merrill "We have had a strategic partnership with Mocana for years and truly value their contribution to our product portfolio," said James Kline, senior director of program management at ABB Inc. "We are excited about the backing from DigiCert as a global leader in IoT security." The combination of DigiCert and Mocana provides customers with a means to manage device identity, secure connections, prevent device tampering, and update firmware and settings remotely and securely once in the field. This end-to-end platform reduces security vulnerabilities and enables digital transformation that is made possible from information technology (IT) and operational technology (OT) convergence. "Mocana is excited to be joining the DigiCert team," said Mocana CTO Srinivas Kumar. "Together, our solutions uniquely solve the challenges of IoT security, from embedding security protections on-chip or at device manufacturing to on-device secure communications and firmware updates once in the field."    About DigiCert, Inc. DigiCert is a global provider of TLS/SSL, PKI, and security solutions that enable digital trust for data, devices, code, documents and users. DigiCert is modernizing the way PKI is managed with the DigiCert ONE™ platform. DigiCert ONE reimagines PKI to address all certificate-based security use cases with flexible, scalable and automated workflow managers, including the award-winning TLS certificate manager, CertCentral®. About Clearlake Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, industrials, and consumer. Clearlake currently has over $60 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. About Crosspoint Capital Crosspoint Capital Partners is a private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets. Crosspoint has assembled a group of highly successful operators, investors and sector experts to partner with foundational technology companies and drive differentiated returns. Crosspoint has offices in Menlo Park, CA and Boston, MA. About TA Associates TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 550 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $47.5 billion in capital since its founding in 1968. The firm's more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong.

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INDUSTRIAL 4.0

Culvert IoT Announces SpaceTrace - a Ground-breaking Rapid Deployment, to Improve the Safety and Efficiency of Industrial Workplaces

Culvert IoT | January 10, 2022

Culvert IoT Corporation, a hardware skunkworks to many of Silicon Valley’s leading technology companies, today announced the launch of SpaceTrace, a turnkey solution to enable rapid development and deployment of location awareness solutions for Industry 4.0. Culvert IoT SpaceTrace is a family of products that provide simple-to-deploy location awareness solutions that brings the best of Bluetooth Low Energy, Ultra-Wide Band and Low Power Cellular together in a “pick and mix” assortment of Tags, Trackers and Bridges which can be combined to build specific applications for enterprises. The challenge facing industry today is that no two asset tracking applications are the same. This means enterprises face an uphill battle in terms of costs and time in order to implement intelligent applications which improve safety or efficiencies through enabling people, products and machines to be aware of their individual proximity to each other. SpaceTrace’s low power Tags and Trackers offer unparalleled location accuracy using UWB, BLE, WiFi, and LTE Cell ID, and leverage u-blox’s Thingstream IoT Communication-as-a-Service platform to convey this location information seamlessly to the cloud from anywhere in the world. SpaceTrace enables the augmentation of workspaces with location-aware information to build applications such as preventing workers from entering unsafe areas or getting too close to machinery as well as providing the right documentation instantaneously when inspecting machines or sites and providing workflow analysis. SpaceTrace also supports AR integration to help develop new types of mobile applications, allowing customers to superimpose digital content over the world around them. About Culvert IoT A hardware skunkworks to many of the valley’s leading technology companies, Culvert IoT Corporation builds on decades of experience designing large-scale logistics IoT for mission-critical applications. In the consumer realm, the company has been a hardware design partner for Google X among others and is currently developing its own line of products, including SpaceTrace.

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SOFTWARE AND TOOLS

Anacle's Tesseract Selected by the EMA to Develop and Testbed NB-IoT-enabled Advanced Electricity Meters

Anacle Systems Limited, Energy Market Authority | April 23, 2021

SINGAPORE, Apr 21, 2021 - (ACN Newswire) - Anacle Systems Limited ("Anacle") has been selected by the Singapore Energy Market Authority ("EMA") to develop and testbed Narrowband Internet-of-Things (NB-IoT) enabled advanced electricity meters. The future meters will be based on Anacle's leading edge Tesseract® series of hyper-smart meters. This initiative is a collaboration between the EMA, Smart Nation and Digital Government Group (SNDGG) and utilities provider SP Group. The testbed will eventually be rolled out across 1.4 million consumer accounts (mainly households) in Singapore by 2024, as part of the national drive towards digitalization and greater efficiency. Launched in 2017, the Tesseract® opens up a world of possibilities. An end product of many years of rigorous research and development, the Tesseract® is currently the world's most powerful edge device for electricity monitoring and analysis. It has more than 40 times more computing power than the next nearest device, FeRAM-based persistent memory that is more than 6 million times more durable than traditional EEPROM-based memory, 10GB in-device storage, built-in digital signal processing and data encryption capabilities, as well as supporting both Linux and Android operating systems, opening up infinite possibilities for applications. "This is a huge step towards Singapore's sustainability goal as more businesses and households are now able to take charge of their own energy use. By providing consumers with detailed analysis of their energy consumption patterns, they will be able to save energy more effectively and contribute to the national sustainability efforts," said Mr Alex Lau, CEO of Anacle Systems Limited. The Tesseract® hyper-smart meter is familiar to many, especially to the residents of Teck Ghee, Ang Mo Kio. In late 2019, the Tesseract® was installed at 1,450 household units as part of the Housing Development Board (HDB)'s Smart Green Homes Initiative program. Besides receiving the Tesseract® hyper-smart meter, residents were equipped with a smart home mobile application and three smart plugs, with which they can use to monitor their household consumption and remotely turn on and off the smart plugs. With the limitless capabilities of the Tesseract®, businesses and households in Singapore can look forward to reap greater benefits from the consumption data that they obtain. The Tesseract® hyper-smart meter will continue to empower and bring about greater energy efficiency to the Singapore nation. About the Energy Market Authority The Energy Market Authority (EMA) is a statutory board under the Ministry of Trade and Industry. The main goals of EMA are to ensure a reliable and secure energy supply, promote effective competition in the energy market and develop a dynamic energy sector in Singapore. For more information, please visit https://www.ema.gov.sg/ About Anacle Systems Limited Anacle is a leading provider of asset and property management software, as well as smart utilities management systems. Headquartered in Singapore with research centers in Pune, India and Hangzhou, China, we are accredited by the Infocomm Media Development Authority (IMDA) under the Accreditation@SG Digital program which provides an independent and rigorous third-party evaluation of the company's core capabilities such as product functionality, financial management, and operations. The accreditation affirms the quality, business sustainability and scalability of our products. For more information about Anacle, please visit https://www.anacle.com. For any media enquiries, please contact: Wendy Lim wendy.lim@anacle.com +65 6914 2666

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Spotlight

“The Internet of Things, connecting a huge amount of devices to the Internet that communicate with each other and us, is taking shape. There is still some scepticism, but the fact is that the Internet is taking centre stage in the lives of people and this development will never stop. Internet simplifies and improves a great number of daily activities,” says Job Witteman, CEO of AMS-IX. “For us as an Internet exchange, but also for the networks connected to us, this means that we need to facilitate this process in the best way possible.

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