IoT Technology Reduces Waiting Time in Airports

Security line wait times at Cincinnati Northern Kentucky International Airport (CVG) are down by about 33 percent due to the use of a mobile technology solution installed last summer that allows the airport to address long lines as they occur. The BlipTrack system, provided by Danish information technology firm Blip Systems, collects the locations of passengers moving through the security process, via their smartphones and tablets, and calculates wait times based on that data. Continue reading “IoT Technology Reduces Waiting Time in Airports”

Smart/Intelligent Sensors Market Value to Reach US$21.60 Billion by 2019

In a recent market study, Transparency Market Research (TMR), a market intelligence company based in the U.S., projects the global smart/intelligent sensors market to reach US$21.60 billion by 2019, increasing from US$9.0 billion in 2012 at a 12.2% CAGR from 2013 to 2019.The report, titled “Smart/Intelligent Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019”, Continue reading “Smart/Intelligent Sensors Market Value to Reach US$21.60 Billion by 2019”

The Internet of Things: Industrial Internet Consortium vs Industrie 4.0 (Video)

Industry worldwide is waking up to the importance of internet integration, big data, and ever-faster processing. All of these innovations are shaking up standardized production and distribution techniques. Intangibles (software and processing) and tangibles (production assets) combine to form “cyber-physical systems” (CPS). CPS is a German-coined concept of software that is embedded in hardware and the two use adaptive logic transmitted through the internet. Stretching this notion from a single device through production, design, and distribution produces a network of devices tied up in a holistic CPS. Continue reading “The Internet of Things: Industrial Internet Consortium vs Industrie 4.0 (Video)”

GE to Sell Industrial Machines with Own Social Network, Predix Cloud

An airplane’s “black box” flight data recorder helps investigators understand how a crash happened. But with ubiquitous sensors and the ability to analyze petabytes of data online, technology could some day predict how future crashes will happen, and how to prevent them. “I don’t want to promise that we will build it…but it is definitely possible,” says Harel Kodesh, manager of GE’s Predix cloud-computing service. Continue reading “GE to Sell Industrial Machines with Own Social Network, Predix Cloud”

The Rise of The Machines: Industrial IoT, the Next Wave of Innovation

The next wave of innovation about to wash over the connected world is the industrial Internet of Things (IoT). Beyond smart watches and FitBits, forward-thinking businesses are applying the concept of IoT to complex, psychical machinery, like jet engines and locomotives, to unleash unexpected growth opportunities and fuel innovation. Combined with data analytics, companies can leverage the industrial IoT to impact the economy, the job market and the future; and it has the potential to add $15 trillion to the global economy in 2030, according to Accenture. Continue reading “The Rise of The Machines: Industrial IoT, the Next Wave of Innovation”

IoT Security Market Forecasted to Reach 28.90 Billion USD by 2020

According to a new market research report, “Internet of Things (IoT) Security Market by Technologies (Network, Cloud and Application Security, Identity Access Management, Analytics, UTM, IDS/IPS, Device Management, Encryption), Industry Verticals and Applications – Global Forecast to 2020”, published by MarketsandMarkets, Internet of Things (IoT) Security Market is expected to grow from USD 6.89 Billion in 2015 to USD 28.90 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 33.2% from 2015 to 2020. Continue reading “IoT Security Market Forecasted to Reach 28.90 Billion USD by 2020”