With Two Acquisitions, Quarterhill Makes Its Presence Known in the Industrial IOT

While smart homes, wearable technology and connected cars are among the advances that are popularly hyped when it comes to the Internet of Things (IoT), the smart money is on the Industrial Internet of Things (IIoT) for its potential to transform not only a vast number of industries, but the very nature of jobs and how we work. In fact, a 2015 report by the World Economic Forum projected the IIoT to dwarf consumer applications, even though the IIoT is still in a comparatively nascent stage. But, the pace of transformation is speeding up. The report noted that between 2012 to 2014, shipments of sensors, for example, exploded to 23.6 billion units from 4.2 billion. Statistics like these serve as a clear reflection of the growing emphasis on the use of interconnected and sensor-based data to drive results.