Will banks catch the curve of the machine-to-machine economy

July 15, 2016

A useful example of the largely misunderstood concept of exponential technological transformation is the introduction of electric motors. When these first replaced steam power in factories not much changed at first

Spotlight

The Internet of Things (IoT) continues to fundamentally transform economies worldwide. Thanks to the era of “connecting the unconnected,” cities, transportation, supply chains, commercial real estate, and industries like health care, retail, and entertainment are becoming smarter, more efficient, and more resilient. An IoT strategy for any organization should, holistically speaking, be part of a bigger Digital Transformation (DX) vision. Digital Transformation — the application of a technology-centric business vision and accompanying strategies — is mandatory for firms to thrive in a digital economy. Firms embark on DX to create value and extend their competitive advantages through new products and services, new business models and relationships, improve customer experience, and increase operational efficiencies.


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INDUSTRIAL IOT

Digi International Introduces Digi XBee Intelligent Edge Controller (lEC) Solution for Industrial Remote Asset Monitoring and Control

Digi International | May 24, 2022

Digi International, a leading global provider of Internet of Things (IoT) connectivity products and services, today introduced the Digi XBee® Intelligent Edge controller (IEC), bringing together a comprehensive networking architecture to close the gap between field devices and the cloud and provide powerful asset monitoring and control. Digi XBee Intelligent Edge Controller (IEC) provides a deployment-ready upgrade to existing industrial sensors with the latest innovations in wireless and cloud technologies. In combination with Digi X-ON cloud, the Digi XBee IEC can help companies monitor sensors or remote-control assets over Long-Range, Low-Power Wide Area Networks, including LoRaWAN, CAT-M1 and NB-IoT. Industrial devices can be monitored with sub-second latency with alarms and data wirelessly delivered through the Digi X-ON cloud. The Digi XBee IEC is compatible with 90% of existing industrial sensors and controls, providing SCADA systems with an IoT alternative. The solution is ideal for enterprises across numerous industry verticals such as energy and utilities, oil and gas, water and wastewater, logistics and agriculture. Using Digi’s X-ON cloud platform, customers leverage a single solution to convert complex protocols for the industrial IoT into simplified data APIs, to integrate data with other tools and systems. “Two of the biggest challenges companies face in industrial IoT projects are money and time,” said Nik Kitson, Director of OEM Solutions Business Development for Digi. “Traditional SCADA systems are very expensive and can take months to deploy and configure for a company's specific needs. A new system or software package often involves a substantial learning curve and employee training time. But remaining with a non-secure or outdated system can cost far more in the long run. Unlike legacy systems that could only leverage the tools available at the time, Digi developed the IEC using today’s most advanced technologies to create more intelligent, secure, and cost-effective solutions.” A Smarter Alternative to Traditional SCADA Traditional SCADA systems have typically relied on extensive middleware – including gateways, software, and licenses – raising the risk of unauthorized data accessibility and other security breaches. Industrial IoT protocols add security as an afterthought and require users to enable those features. The combination of complex technology infrastructures, communications interoperability challenges, and immature IoT standards creates enormous hurdles for automation engineers. Additionally, standard SCADA and PLCs often require high network bandwidth and cloud capacity to provide sub-second monitoring. The Digi XBee IEC solution is being successfully deployed for electrical smart-grid asset monitoring, smart city water management, logistics warehouse operations, and more. “The Digi solution enables Valmont to offer a proactive condition monitoring experience that complements our scheduled maintenance and operations. The ability to detect infrastructure anomalies in real time using remote wireless technology unlocks huge potential, enabling our customers to operate tower infrastructure without over-taxing remote operations workers.” Trevor Mecham, Vice President of Global Infrastructure Technology Strategy and Industry Relations at Valmont Industries, Inc Digi XBee IEC not only provides a faster time-to-market for IIoT OEMs and enterprises, it is also a value-added tool set for systems integrators and Value Added Resellers (VARs) to address complex IIoT deployments. The IEC solution can be easily deployed into multiple solutions for a wide range of use cases, all through the X-ON device management portal. About Digi International Digi International is a leading global provider of IoT connectivity products, services, and solutions. It helps companies create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, Digi has helped customers connect more than 100 million things and counting.

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ENTERPRISE IOT

Renesas Delivers Industry’s Most Complete Intelligent Sensor Solutions for IoT Applications

Renesas | June 27, 2022

Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, is changing the way designers build sensor-connected IoT applications with a range of new solutions targeted at faster design cycles, improved accuracy, and reduced system cost. In addition to the new HS4XXX family of relative humidity and temperature sensors, Renesas is introducing the ZSSC3281 sensor signal conditioning (SSC) IC for highly accurate amplification, digitization, and sensor-specific correction of sensor signals. These new products complement Renesas’ extensive MCU portfolio and embedded AI solutions. The sensor design process is supported by Renesas’ unique system design platform that significantly eases the prototyping of IoT systems. The Renesas Quick-Connect IoT system consists of standardized boards and interfaces, enabling designers to quickly and easily connect a wide range of sensors to MCU/MPU development boards. The new system also delivers core software building blocks that are portable between boards, greatly reducing coding requirements. Now, instead of writing and testing hundreds of lines of driver code, designers only need to graphically select their sensor and write a few lines of code. All the integration and setup effort happen behind the scenes, reducing the time to a working solution. Renesas also provides numerous Winning Combinations that combine sensors with multiple other ICs to offer customers an elevated design platform that mitigates the design risks and reduces development time. According to a recent Zion Market Research study, the Global IoT sensors market is estimated to grow at a compound annual growth rate (CAGR) of approximately 27.9%, reaching an estimated $27.9 billion by the year 2028. “Sensing solutions are a critical element in IoT systems, and present numerous design challenges during system integration that can slow development and impact overall system performance, The combination of our sensor technology, signal conditioning expertise, and system solution mindset enables us to deliver customers a design platform that is unmatched by any competitor.” DK Singh, Senior Director of the Systems and Solutions Team at Renesas With more than 20 years’ experience, Renesas has deep and broad expertise in the sensor market. Renesas’ portfolio includes sensor signal conditioners, biosensors, humidity and temperature sensors, light and proximity sensors, flow sensors, and position sensors. HS4XXX Relative Humidity and Temperature Sensors The new HS4XXX family of relative humidity and temperature sensors provides high accuracy, fast measurement response time, and ultra-low power consumption in a small package size, making them ideal for a wide number of applications ranging from portable devices to products designed for harsh environments. More information on the new family is available at renesas.com/humidity. Key features of the HS4XXX Relative Humidity and Temperature Sensors Very low current consumption: 0.3µA average for 8-bit resolution with a 3.3V supply Ultra-low sleep current: 0.010 µA Small 2.5 × 2.5 × 0.9 mm DFN-style 8-LGA package Highly accurate relative humidity sensing of ± 1.5% RH Temperature sensor accuracy of ±0.2°C typical ZSSC3281 Sensor Signal Conditioning IC The new ZSSC3281 SSC delivers highly accurate amplification, digitization, and sensor-specific correction of sensor signals. It includes a two-channel analog front end as well as an integrated ARM-based MCU with embedded mathematics for sensor signal processing. It targets high-end applications including industrial, medical and consumer sensing. Key features of the ZSSC3281 Sensor Signal Conditioning IC Highest performance with flexible analog front-end configurations Dual-speed mode for highest accuracy combined with fastest update rate 2 ADC’s running in parallel with up to 24-bit resolution Enables broad use for different sensor elements with multiple characteristics Measurement scheduler for optimized performance Advanced interrupt and diagnostic functions Digital interfaces including I²C, SPI, and One Wire Interface (OWI) 4-20mA current loop output, OWI communication via current loop About Renesas Electronics Corporation Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live.

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SOFTWARE AND TOOLS

JFrog Unveils DevSecOps for IoT - Bringing Trusted Software to the Edge

JFrog | May 26, 2022

JFrog Ltd, the Liquid Software company and creators of the JFrog DevOps Platform, today introduced JFrog Connect, a new solution designed to help developers update, manage, monitor, and secure remote Linux & IoT devices at scale. Available immediately, JFrog Connect ushers in a new era of software automation, traceability, and security to the world of connected devices via a modern DevOps platform. A fully integrated part of the JFrog Platform, JFrog Connect empowers companies to manage one to hundreds of thousands of devices using a consistent operational model and intuitive user interface across cloud, on-premises, and multi-cloud deployments. "The massively distributed nature of edge/IoT expands the enterprise attack surface, and also exacerbates operational, cross-functional software update workflow challenges. One of the main reasons for that, is that updating edge devices is often siloed from a modern software supply chain. JFrog Connect, integrated with the JFrog Platform, effectively helps companies manage automatic, continuous delivery of secure software updates from developers’ keystrokes to any distributed edge or fleet of connected things, while fortifying their software supply chain against emerging attack vectors.” Yoav Landman, Co-founder and CTO, JFrog. As increasing numbers of enterprises deploy IoT-based solutions, we believe it’s important to understand that doing so also introduces new entry points for malicious packages and cybersecurity attacks – particularly since IoT devices often run on unreliable and vulnerable networks that can't be trusted. A recent analyst survey found developers rank security 46% (39% in 2020) and deployment 31% (23% in 2020) among their top three concerns, along with the need for additional integrations with complementary technologies and systems.1 Additionally, a lack of reliable, secure, IoT management solutions can result in expensive product recalls, service outages, unnecessary site visits, and more. About JFrog JFrog Ltd., is on a mission to power all the world’s software updates, driven by a “Liquid Software” vision to allow the seamless, secure flow of binaries from developers to the edge. The JFrog Platform enables software creators to power their entire software supply chain throughout the full binary lifecycle, so they can build, secure, distribute, and connect any source with any production environment. JFrog’s hybrid, universal, multi-cloud DevOps platform is available as both self-managed and SaaS services across major cloud service providers. Millions of users and thousands of customers worldwide, including a majority of the Fortune 100, depend on JFrog solutions to securely manage their mission-critical software supply chain. Once you leap forward, you won’t go back.

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ENTERPRISE IOT

After Two Decades, The Connectivity Standards Alliance Continues to Deliver Open, Global IoT Standards, Enabling Connected Devices Everywhere

Connectivity Standards Alliance | July 11, 2022

The Connectivity Standards Alliance, an organization consisting of hundreds of companies that create, maintain, and deliver open global standards for the Internet of Things (IoT), today celebrates 20 years of innovation and collaboration – driving the next generation of home and commercial network connectivity forward. "The secret to success for our members has been creating the right environment where companies, both large and small, can work side-by-side with an equal voice and energy to address the barriers to interoperability and growth in the IoT," said Tobin Richardson, President, and CEO of the Alliance. "What began as cutting edge work to create Zigbee, our reliable mesh networking standard, has expanded to include our latest IoT standard Matter. This is joined by industry leading efforts in Data Model development, Access Control, and creating strong Product Security. The Alliance's growth and reach reflects a holistic approach to solving the challenges of an ever-evolving IoT." As a global standards organization, our key measures of success are adoption, certification, and the use of the standards created. In 2021, our membership grew by 38%, with members evenly distributed across the Americas, EMEA, and China/Asia Pacific regions. Year-to-date in 2022, another 60 companies have chosen to participate in Alliance work and adopt Alliance standards. In-market use shows there are currently more than 4,500 products and platforms that have been certified by the Alliance, with millions of Zigbee-capable devices in the market today. This positive trajectory will continue with Zigbee and with Matter, where according to ABI Research, within five years more than half of the world's key smart home devices will ship supporting Matter*. "Alliance standards have been invaluable to the growth of smart homes and buildings, enabling reliable mesh networking and low-power solutions, with Zigbee Green Power, to reduce customers' and consumers' carbon footprint. Now, we are driving what's next in IP-based interoperability and IoT security, Over 20 years, we've had a positive environmental impact on our planet. Our impact has now even traveled beyond the bounds of earth's gravity with NASA using Zigbee technology for communication between the Mars rover and its companion drone." Bruno Vulcano, Head of R&D at Legrand and Chair of the Alliance Board of Directors Looking ahead at the next two decades, the Alliance will continue its mission to simplify and harmonize the IoT by creating standards and brands of trust for the industry and consumers alike. This fall, the Alliance is slated to formally introduce its latest standard, Matter, a common language and IP-based protocol for the IoT. Products incorporating the Matter standard will feature a unique logo, signifying interoperability with certified Matter products from any manufacturer. About the Connectivity Standards Alliance The Connectivity Standards Alliance, formerly the Zigbee Alliance, is the foundation and future of the Internet of Things (IoT). Established in 2002, its wide-ranging global membership collaborates to create and evolve universal open standards for the products transforming the way we live, work and play. With its Members' deep and diverse expertise, robust certification programs, and a full suite of open IoT solutions the Alliance is leading the movement toward a more intuitive, imaginative, and useful world.

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Spotlight

The Internet of Things (IoT) continues to fundamentally transform economies worldwide. Thanks to the era of “connecting the unconnected,” cities, transportation, supply chains, commercial real estate, and industries like health care, retail, and entertainment are becoming smarter, more efficient, and more resilient. An IoT strategy for any organization should, holistically speaking, be part of a bigger Digital Transformation (DX) vision. Digital Transformation — the application of a technology-centric business vision and accompanying strategies — is mandatory for firms to thrive in a digital economy. Firms embark on DX to create value and extend their competitive advantages through new products and services, new business models and relationships, improve customer experience, and increase operational efficiencies.

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