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IoT Evolution World Week in Review: IBM, Bain, PTC

By Ken Briodagh April 01, 2017

Welcome to the IoT Evolution Week in Review, my fine feathered friends. This week, we’ve been talking about U.S. IoT adoption rates, AI, patents and strategic staffing changes. Let’s get into it, shall we?

In our lead story this week, Bain & Co’s tech practice announced a new study on the Internet of Things, in a recently released .pdf of the report on the results. The findings reportedly stem from a survey of more than 500 American and European executives across multiple industries on their investment, optimism and integration priorities of IoT between now and 2020. The company said its study reveals that U.S. executives are significantly lagging behind European executives with their IoT ambitions.

We had a great guest post from Megan Ray Nichols, Science Writer and IoT Evolution Correspondent, who asked the important question: How Will Artificial Intelligence Improve the Internet of Things? From DVRs and smart fridges to smartphones and voice-activated technology, the Internet of Things (IoT) is quickly becoming part of our daily lives. These devices are capable of collecting thousands of bytes of data every single day, and companies are hoarding that data in the hopes that predictive algorithms will be able to glean some insight from them. She explores in her article several AI-infused avenues for IoT enhancement.

And now, the news: Monnit Corporation, a global IoT developer in the design and manufacture of low-cost turnkey monitoring solutions for commercial, industrial and consumer markets, has just released a new enterprise-grade wireless products brand, ALTA. This new Industrial Internet of Things (IIoT)-focused remote monitoring solution was designed to meet higher-demanding enterprise requirements, the company said.

Mobile Mark has released the terms of two recent acquisitions: Comtelco Industries, and the X-WAV and TMA antenna lines from Luxul Wireless, a brand of Legrand.

VoltDB, an enterprise-class in-memory database designed to act as the power behind business-critical applications, has announced that it has appointed David Flower to the role of President and Chief Executive Officer (CEO). Previously, he had most recently served as the company’s Chief Revenue Officer, according to the announcement.

Pepper, an IoT platform and service provider, has made public its concluded Series B investment round of $8.5 million from Leawood Ventures, the KCRise Fund, and Royal Street Ventures, who joined pre-existing investors OpenAir Equity Partners and Comporium Communications. Pepper also launched its Pepper IoT operating system, designed to power a new generation of IoT and connected home services.

IBM recently announced that its engineers have been granted a patent around a machine learning system that can dynamically shift control of an autonomous vehicle between a human driver and a vehicle control processor in the event of a potential emergency, providing a safety measure that can contribute to accident prevention.

Over the last few years, I have seen some major trends forming across nearly every vertical in the consumer and industrial spaces, and these trends looked like they were pointing toward a future where the IoT would indeed be improving the lives and living conditions of people all over the world, and so I decided to begin writing a book in order to look for patterns in those trends. That book, published recently, is called “IoT Time: Evolving Trends in the Internet of Things.” In a new weekly series, we’ll be previewing chapters for you to read in the hopes that you’ll like enough to read the whole thing.

On the IoT Time Podcast, I sat down with Mike Fallon, Director, Sr. Advisor, IoT Transformation Advisory Practice, PTC, to talk about how everyone is going to make any money at this whole IoT thing, and whether the IoT will launch a new economy of non-ownership.

There’s plenty more to read, listen to and watch, so visit us on IoT Evolution World for all the IoT news, my friends. Now is the time to put into your calendar the next IoT Evolution Expo, to be held in Fort Lauderdale, Florida. Also, please get in touch with us when you have stories. As always, if you have questions, comments, complaints or compliments, please send them to me, editorial director Ken Briodagh at kbriodagh@tmcnet.com or on Twitter @KenBriodagh.



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