The world of IoT is evolving rapidly. It has become a key issue for companies that are required to have an expert knowledge of it and, vitally, use the right tools to manage it. This requires keeping abreast with the latest updates, new platforms, and of course smart objects. Here is a roundup of recent industry news.
IoT: a rapidly evolving landscape
When you monitor sites specializing in IoT for professionals, you quickly realize that there is an abundance of news. However, there is one topic that comes up often, and that is management. Be it fleet, sensor or smart device management, there are many solutions to check the condition of these appliances. These are powerful tools that allow companies to anticipate anomalies and operational defects. In addition to communicating real-time information on machine performance, this monitoring makes it possible to replace defective parts before they cause an unexpected interruption. The damage caused by such an event can cause significant harm to companies.
IoT solutions for management and monitoring
As such, IBM has just launched Maximo Asset Monitor which is based on artificial intelligence. It analyzes the warnings issued by industrial equipment and automatically deals with the most important ones as a priority. Predictive maintenance therefore saves on maintenance costs and extends the life of machines.
In a similar vein, VMware has improved its Pulse IoT Center platform for managing devices and applications in the cloud. The integration of new equipment is simplified and security is enhanced. Just like e-novACT which has updated its FUSION-AS IoT solution that manages sensors and smart objects.
The IoT market is growing significantly
In addition to these solutions for companies, IoT news also involves the smart object market. A recent study showed that spending on smart accessories is expected to exceed $50 billion in 2020 – up 27% from 2019. These “smart accessories” are not necessarily smart thermostats or smart locks; the top spots in this juicy market are in fact held by smart watches, headphones and earphones. Moreover, these figures are set to continue to grow in the coming years. These devices are increasingly being adopted by consumers, including those who are not familiar with this type of technology.
To navigate this mass of smart objects and the number of different models, some companies host IoT Playgrounds. The latest technological innovations and smart solutions are presented at these events, so that participants are not left out of this constantly changing world. Companies can also seek the assistance of events agencies specializing in these types of events. They organize events that focus on smart objects to present the greatest innovations that IoT has to offer.