Category Archives: Industry 4.0

Reddcoin partners with Local World Forwarders

LWF partners with Reddcoin.

Reddcoin one of the world’s most promising Cryptocurrency companies has partnered with Local World Forwarders (@lwf_ico), the first decentralized platform in the world based on technology.

is now accepted in the and will be integrated into the P2P delivery platform. https://www.lwf.io

In trading earlier today Reddcoin was up nearly 200% in 24hours.

Reddcoin can be obtained through the Cryptopia site for Australian and New Zealand investors. (Sign up here).

LWF Business Model

Reddcoin is the social currency that enriches people’s social lives and makes digital currency easy for the general public.

Reddcoin plans to achieve this by integrating a digital currency platform seamlessly with all major social networks to make the process of sending and receiving money fun and rewarding for everyone

 

The big bucks are in Industrial IoT

The Internet of Things continues to evolve, attempting to overcome its poor reputation for cybersecurity and making the case for wider adoption, especially by enterprises.

Consumer IoT, largely represented in smart-home automation, remains a market being targeted by Amazon, Apple, Google, LG Electronics, Samsung Electronics, and other technology titans.

The big bucks are in Industrial IoT, though. That market has attracted AT&T, IBM, Microsoft, Oracle, Verizon Communications, and hundreds of startups.

Some of those startups, such as C3 IoT and Uptake Technologies, have achieved “unicorn” status and attracted significant investments. The Chicago-based Uptake is a shining example of the industry transition from platform-as-a-service business models to software-as-a-service.

Many of the savvier startups are adding artificial intelligence and machine learning to their technology portfolios, complementing their IoT focus.

 

see full article from Semiconductor engineering here…

Internet of Things (IoT) revolution continues across ANZ

The Internet of Things (IoT) revolution is here, and it’s not going anywhere anytime soon. Gartner has predicted that an estimated 25 billion connected things will be in use by 2020. According to BCG, this will mean $267 billion will be spent on IOT technologies, products and services. To put this staggering growth in another perspective, IoT sensors and devices are expected to exceed mobile phones as the largest category of connected devices in 2018.

Harnessing the power of the IoT will be crucial to future success. Sixty-five percent of 1000 global business executives surveyed say they agree that organisations that leverage IoT will have a significant advantage. But 19% still say they have never heard of it. Put yourself in a position to take advantage of the IoT with this primer on the latest trends and applications.

The current state of IoT

The Internet of Things had existed before you had probably even heard of the term. In 2008 there were already more “things” connected to the Internet than there were people. By 2015, IoT market size was up to $900 million, and this is expected to grow to $3.7 billion by 2020.

Virtually every sector has started harnessing the power of the IoT. Adoption rates vary, but significant results are being achieved in manufacturing, distribution, logistics and marketing. Currently, most “smart” devices aren’t in your home or your phone. They are in factories and offices. But smart homes will become an increasingly significant part of the industry over the next few years. It’s estimated that by 2019, 1.9 billion connected home devices totalling around $490 billion in revenue will be shipped to consumers.

Don’t be fooled into thinking the rate of growth is going to slow anytime soon. Only 0.06% of things that could be connected to the internet actually are. That means just 10 billion of the 1.5 trillion things that currently exist are connected—leaving plenty of room for new IoT innovations.

The latest trends in IoT

As adoption of IoT continues to surge, a handful of trends have begun emerging that will shape the industry in 2017 and beyond. Below are six trends you should be watching out for.

  • Businesses will deliver more services: Expect services, not products, to become the main revenue streams of companies in the IoT industry. Products will become a way of introducing consumers to the broader (and more lucrative) service.
  • Cities will get smarter: In the same way that smart technology is improving homes, expect smart systems such as street lights, parking machines and public transport to provide safer, more cost-effective solutions to cities.
  • Voice commands will dominate: We are already seeing the popularity of Amazon’s Echo, and Google and Microsoft are also developing speech-activated virtual assistants. Expect even more focus on audio commands to occur in 2017.
  • Security will improve, but so will attacks: The question of security will become more prominent as attacks on connected devices grow. Security will improve, but so will the number of data breaches.
  • Smart homes will become the standard: The adoption rate of smart home technology hasn’t been substantial, but expect growth to quicken as products such as the Echo increase in popularity.
  • Global corporations will dominate: Corporate giants such as Samsung, Google and Intel will dominate every aspect of the IoT, either by buying up specialised companies or through their own research departments.

The global B2B opportunity of IoT

The IoT will create the biggest opportunities for business to business applications. This is despite coverage of IoT  focusing on consumer products. According to research by McKinsey Global Institute, nearly $4 trillion worth of economic value could be generated by 2025 from B2B activity (factories, offices and agriculture) alone.

B2B opportunities will also be far greater in the developing world than other aspects of IoT. Advanced nations can expect to gain over 60% of the economic impact of IoT on average. This will be even more disproportionate in some settings such as homes, where advanced economies can expect over three-quarters of the economic impact. But because most of the economies of developing countries focus on manufacturing, they will be hotbeds for IoT adoption. As a result, the benefits of IoT will be shared much more equally between advanced and developing economies.

The key benefits of IoT for leaders

As with any other form of revolutionary technology, the IoT offers a wealth of benefits for those leaders who can harness its power.

  • Innovative business models: A wealth of user data will give rise to innovative new business models that have the potential to completely change market shares. It is already happening in the form of app-based transport-as-a-service providers such as Uber. As companies are better able to track how and where consumers are interacting with their products these new revenue streams will become even more proliferate.
  • Optimised operations: Smart devices can learn and improve operations in a way that humans can’t. Integrated sensors will capture data that can be used to improve efficiency and predict when maintenance issues may arise.
  • Improved inventory tracking and management: Smart devices will allow businesses the opportunity to completely automate inventory management; allowing staff time to focus on more demanding tasks.
  • More connected remote workers: If every device in an organisation is connected to the same network, employees will be able to work remotely like never before. Tasks that previously had to be completed in person, such as machine operations, will now be possible from anywhere in the world.

Essential IoT skills

Leveraging the power of IoT requires a highly specialised and in-demand skill set. Hiring the right talent will be key to your success. But you’ll also need to cultivate your enterprise’s culture in order to remain on the cutting edge of this constantly evolving industry.  Here are the essential IoT skills that you need to add to your team.

  • Security engineering: The more connected your business becomes, the more at-risk you are to cyber attacks. Data breaches have become increasingly common, and consumer awareness of data security is growing every day. A talented cyber security team is crucial to protect yours and your customer’s data.
  • Big data analysts: As the wealth of available data grows, data scientists are in increasingly high demand. The rate at which your company can pivot and improve will depend on how well you can analyse big data.
  • Machine learning: The smarter your products and systems are, the more likely you are to succeed. Hire data scientists who can create machine learning algorithms that will help devices make predictions and take action as a result of pattern identification.
  • Circuit design: Computer chip design and development will need to be adapted as smart devices gain new capabilities. Being able to create increasingly complex circuit boards more efficiently gives businesses a much-needed advantage.

Key challenges of IoT

Executives won’t be surprised to hear that this level of technological change is not without hurdles. How you react to and overcome these challenges will determine the success of your business.

Organisational alignment

To succeed on a global scale, organisations will need to completely rethink company structure and job roles. IT will no longer be a department; it will be a role that spans the entire organisation. Intra-departmental collaboration will need to be encouraged as big data connects sales, marketing and logistics more tightly than ever.

Interoperability

In the same way that teams will need to change how they work together, devices will also need to communicate more efficiently to realise the full benefits that IoT offers. Increased interoperability between devices has the potential to add $4 trillion to the economy. But the vast majority of “smart” devices used at the moment only communicate with the manufacturer. It’s estimated that 40-60% of the IoT’s total economic value won’t be realised until interoperability is improved.

Security

Greater connectivity exposes businesses to extremely high risks of cyber attacks. Everyone of a business’ millions of connected devices and sensors is a potential entry point for hackers, and one attack can bring down an entire company. But it’s not just break-ins that executives need to be concerned about. Risk from the black market of fake sensors and video data could be worth more than $5 billion by 2020. Cybersecurity is currently less than 1% of the total security budget for enterprises. This will need to increase significantly in the future.

IoT has the power to transform industries and revolutionise the way businesses use data. The ability to harness IoT’s opportunities will give global leaders an enormous competitive advantage. But leaders need to cultivate the right set of skills within their team, and a data-driven mindset, to transform this opportunity into reality.

NZ Hi-Tech Award Winners 2017

Frances Valintine inducted into Hall of Fame.

The 2017 NZ Hi-Tech Award winners are:

2017 Flying Kiwi and inductee into the Tait Communications Hi-Tech Hall of Fame
Frances Valintine

Xero Hi-Tech Young Achiever Award
Winner: Aliesha Staples
Highly commended: Kendall Flutey

Qual IT Best Hi-Tech Solution for the Public Sector Award
Winner: Orion Health & HealthOne

IBM Innovative Company of the year Award
Winner: Pushpay

ATEED Best Hi-Tech Solution for the Creative Sector Award
Winner: Shotover Camera Systems

Callaghan Innovation Hi-Tech Maori Innovation Award
Winner: Biolytix

Duncan Cotterill Most Innovative Hi-Tech Software Product Award
Winner: RedShield Security

Endace Most Innovative Hi-Tech Hardware Product Award
Winner: Adherium

Kiwibank Most Innovative Hi-Tech Services Award
Winner: RedShield Security Highly commended: Navilluso Medical

NZTE Best Hi-Tech Solution for the Agritech Sector Award
Winner: Compac

Quick Circuit Most Innovative Hi-Tech Mobile Award
Winner: oDocs EyeCare

New Zealand Venture Investment Fund Hi-Tech Start-up Company of the Year
Winner: Latipay

Coretex Hi-Tech Emerging Company of the Year
Winner: Timely

PwC NZ Hi-Tech Company of the Year Award
Winner: Pushpay

The NZ Hi-Tech Awards
Now in its 23rd year, the New Zealand Hi-Tech Awards celebrate the success of our producers of goods and services from the software, electronics, telecommunications, mobile, agritech, creative and other hi-tech industries.

The Awards are run by the NZ Hi-Tech Trust, a not-for-profit organisation that supports and promotes the wider industry.

The board is made up of ten trustees: Bennett Medary, Vaughan Rowsell and Erin Wanbrough in Auckland, chair Wayne Norrie, John Fokerd, Kirsty Godfrey-Billy and Jennifer Rutherford in Wellington and South Island-based Owen Scott, Helen Shorthouse and Ian Taylor.

Autonomous Vehicles deployed by 2021

While many AV manufacturers have put an expected deployment rollout around 2021, in order for cities to prepare themselves for this short window, precautions must be taken now.

The report breaks down six major questions, framed as “who, what, when, where, how and why,” that circle the conclusion that autonomous vehicles in their many forms are coming, the only real question is whether cities will be prepared in time.

The report compiled six keys for cities insights for city officials to know about the future of AV integration on city streets.

1. The Window for Action is Closing: Although they may seem like a distant technology, when economies of scale begin to kick in, or the proportionate cost savings is gained by an increased level of production, this technology could rapidly expand. The report predicts that when costs for AVs fall, they will spread more rapidly than traditional automobiles did in the 20th century.

2. AV Deployment Makes Sense in Cities: Cities by their very nature consist of dense populations living and working in a limited geographical space. Traditional vehicles, due to their bulky and often oversized nature, do not often mix with the finite space available. Autonomous vehicles could reduce the need for parking spaces and garages, minimize lane spacing and open up more living space for residents.

3. Highway Testing is So Passé: According to the report, most testing in the AV space has been done on high-speed highways — but this is already obsolete. The greatest impact, and largest market available, will be in revolutionizing intra-city mobility.

4. Change in Mobility Driven by Aging Population: In less than 15 years, the world will have more than 1.4 billion people over the age of 60. While mobility options lessen with aging, autonomous vehicles could keep the elderly moving and more independent.

5. Cities can Leverage Power over Developers: Because the emerging market is brand new, cities have the opportunity to set the rules — if they act quickly. Cities can shape markets to focus private-sector attention and investment on the needs of cities and underserved populations.

6.Cities are Just One Piece of the Puzzle: The best case scenario for the implementation of automated vehicles include reduced congestion, elimination of human-caused crashes, increased mobility and more space devoted to public spaces, among many others. In order to maximize the good and minimize the bad, according to the report, cities must tap all stakeholders and keep them involved. Such a complete transformation of the transportation system will need help from experts across all levels of government, academia, and the private and nonprofit sectors.

Bloomberg Philanthropies is working with the Aspen Institute to bring mayors and senior leaders from several cities together with leading industry and policy experts to help cities explore the questions and hopefully come up with workable solutions.

The Industrial IoT Stack – GE , IBM and Cisco challenged by the newcomers

Snippet from CB Insights – With connected devices like Nest and Sonos breaking into the mainstream, the IoT has become one of the most-discussed tech trends of the last twenty years.

But the IoT extends well beyond the home and consumer-level gadgets. Asset-heavy industries like manufacturing, logistics, mining, oil, utilities and agriculture have also begun to apply IoT systems to improve efficiency and results.

With machines and specialized sensors collecting data at every step of production, the potential gains from the Industrial Internet of Things (IIoT) are enormous.

Just in 2016 alone, startups bringing digitization to industry saw more than $2.2B of investment.

The category breakdown is as follows:

  • Sensors & Connectivity

    • Connectivity — wireless network providers like SigFox and Ingenu act as the telecoms for the IoT age. Most companies here provide LPWAN (low-power wide area network) connectivity, which is popular radio band for IoT devices because existing cellular systems aren’t power- and bandwidth-efficient enough for systems sending small packets of data. Some, like Senet use the LoRaWAN spectrum, and others like SigFox work with ultra-narrowband specifically for low-power devices. 

    • Sensors & Monitoring — some companies in this area are solely sensor or system on chip (SoC) makers like Ineda Systems, but the category also includes more “full stack” (but industry agnostic) sensor and monitoring platforms like SamsaraHelium, and Electric Imp.

    • M2M / Satellite — sometimes Industrial IoT assets operate in rural and less connected parts of the world. Satellites can be a more effective way for sensors to transmit data, and companies like Kepler Communications offer a space-based communication network. With similar advantages in isolated industrial environments, machine-to-machine (M2M) communication is a more decentralized way to pass information between devices, and companies like Filament are applying blockchain architecture to do so with low-power industrial sensors.

  • Edge Devices & Connected Objects

    • Inspection Drones — startups offering drone hardware or image analysis services for industrial inspection. Some startups like Skycatch have individual use cases, such as construction. Recently, drone makers famous for their consumer drones like 3D Robotics have moved into the inspection space. While it’s mostly aerial drones for now, the category encompasses all types including underwater drones and pipe inspecting drones such as those made by RedZone Robotics.

    • 3D Printing — leveraging materials science and robotics, companies like Desktop Metal and Carbon 3D are bringing the customization benefits of 3D printing to an industrial scale. 3D printing tech is starting to go beyond just prototyping tools to being production-scale for making parts, which is why corporate venture arms of GE and BMW are investing here.

    • Industrial AR/VR — headsets and mobile AR specifically tailored for industrial settings and field service. Daqri and Atheer are well-funded headset makers that focus on enterprise and industrial settings. Others like Scope AR do similar work in field service using mobile and tablets, employing AR to highlight parts on industrial equipment while connected to support experts in real-time.
    • Wearables — IoT sensors worn on the body in industrial environments. Strong Arm Technologies makes a safety wearable and some industrial smartglass makers like Ubimax and Upskill also have wearables offerings.
    • Robotics & Exo — industrial automation robots along with exoskeletons that augment human abilities. Companies like Rethink and Righthand Robotics both make the classic arm-shaped industrial robots for manufacturing. Clearpath Robotics does warehouse robotics, as well as a host of ruggedized ground and sea-faring drones. And companies like Kindred and Sarcos are developing worker exoskeletons that can help handle heavy materials or be remotely operated for inspections.
  • Universal Platforms & Edge Intelligence
    • Universal Platforms — cloud vendors here commonly market themselves as general platform-as-a-service (PaaS) companies that allow other IoT and IIoT companies to manage and maintain the capture of data from their device networks. This includes the mostly industry-agnostic platforms like C3 IoT and Altizon that do cloud analytics for industrial companies.

    • Fog & Edge Computing — computing done at the “edge” or closer to the sensor is a trending shift occurring within the IIoT architecture. Companies like Saguna Networks do edge computing (close to the point of collection), whereas a company like Foghorn Systems does fog computing (think a lower-hanging cloud that’s done on-site like a LAN). Both methods allow mission-critical devices to operate safely without latency of transmitting all data to a cloud, which can also save big on bandwidth.

  • Applied Sensor Networks
    • Fleet — sensor networks and solutions for connected trucking fleets. Companies like Veniam are focused on the connectivity aspect, where others like Vnomics sell optimization and vehicle monitoring technology.
    • Oil & Gas —  companies using connected sensor networks in the oil industry include GroundMetrics (locating wells), Tachyus (extracting oil and gas), and Aptomar (spill safety).
    • Agriculture — companies like Blue River Technology and Farmbot are bringing robotics to agriculture. Others like Farmers Edge and Terravion are about capturing and analyzing farm data and tractor telematics for more efficient production.
    • Smart Grid – startups in this area develop tech that enables more efficient distribution of electricity, gas and water, and often market to utility companies. TrilliantTendril, and BluePillar are smart-meter enabled solutions for utilities and large enterprises to manage usage and reporting.
    • Factory — Eigen Innovations and the companies in this category are more vertical-specific platforms for manufacturing analytics. Eigen, for example, uses video and sensor data on factory floors to ensure process and quality control.
    • Warehouse — robotic movers and RFID sensor systems that target the warehouse. Fetch Robotics, for example, does material transport on warehouse floors. Alien Technologies, one of the most well-funded startups in all of IoT, does RFID tagging tech for the supply chain.
  • Advanced Analytics, Edge Intelligence & Protection
    • AI, ML, Predictive Analytics — software that allows companies to find insights and derive predictive analytics such as when machines will need maintenance. Most companies in the category are like Maana and work by applying AI to mining machine data, but others, like Augury Systems, offer a full sensor suite that detects machine anomalies and offers predictive analytics.
    • Cybersecurity — companies in this category develop cybersecurity solutions for IIoT and industrial control systems (ICS) in heavy industry. The IIoT has already suffered serious hacks; a German steel mill suffered “massive damages” after hackers accessed a blast furnace that workers could not properly shut down. Bastille Networks is one company that focuses on protecting the wireless transmission of IoT and RFID devices, and Claroty is a well-funded company working on protecting industrial control systems.

Full article – can be found here

Thinxtra expands Sigfox IoT LPWA into Hong Kong

Thinxtra has invested further  to build the LPWA (Low Power Wide Area) network into Asia and boost the IoT ecosystem across the region.

Thinxtra is expanding into Hong Kong to empower organisations to use IoT to improve business processes and people’s lives. With Hong Kong as its first Asian market outside of Australia ans New Zealand.

Use cases for the Sigfox IoT protocol in Hong Kong will include water meters , waste management applications and sensing devices for temperature , vibration and other environmental conditions.

Murray Hankinson is responsible for Thinxtra’s Asian expansion. He is orchestrating the market entry, deployment, and benefits of the Thinxtra IoT ecosystem to governments, enterprises and smart city initiatives across Asia.

 

 

IIoT – Industrial IoT

NZ and Australia will likely see the biggest gains in IoT in the industrial sector. Networks being rolled out like Thinxtra’s Sigfox LPWAN network will revolutionize the industrial sector.

Positioning-centric information is changing the way people, businesses and governments work throughout the world, combining LPWAN with GPS.

sigfox-disrupts-satellite
Using Sigfox – expensive Satellite terminals can be replaced for Utility providers

In the above diagram assets like utility poles for power infrastructure and water meters can have battery powered sensors with integrated GPS monitoring status and take out the  need for the high costs of satellite connectivity.

A good example in NZ is where the Canterbury plains has complete coverage by the Sigfox network allowing dozens of use cases for agriculture and industry in the region.

Industrial Use Cases…

Asset Tracking – GPS & Sigfox connected drums • Location of expensive equipment (Compressors, Generators)- • geofence alerting • anti-theft• site-location • tracking payload

Connected Helmets – Heart rate • Body temperature • GPS Location via Sigfox

Door monitoring – monitor zone access •no need for cabling •alerts for unauthorized access

Preventative maintenance – alerting • monitoring equipment status • exception reporting

Rail temperature – Ultra-resistant sensors to monitor distortions•optimise inspections

Satellite replacement – due to the range of LPWAN some applications can now be replaced by Sigfox or LoRa devices.

The Industrial Internet of Things (IIoT) to spark global GDP Growth

iiot-market-map
Market Map of IIoT by CB Insights.

 

The Industrial Internet of Things (IIoT) is set to spark mindblowing levels of global GDP growth over the coming years if industry can overcome significant barriers around data. (1)

Value Walk discussed the potential of the IIoT market, which GE research predicts will help generate a $10-$15 trillion boost in global GDP over the next 20 years. (2)

IIoT consists of connected sensors and devices that produce streams of data from industrial machines.

Bit Stew Systems recently commissioned a survey of top IT executives on their readiness for the IIoT revolution. Of those surveyed, 80% saw the top benefits of IIoT technology as enhanced operating efficiency and uptime.

Other key IIoT benefits identified by senior IT execs were: workplace knowledge transfer;better uptime; enhanced operating costs; and better asset performance management.

Yet despite these benefits, the survey found that 70% of surveyed firms are only in the planning phase of integrating IIoT technology.

industrial-internet-of-things-iiot-infographic
Industrial IoT Infographic

Conversely, just 30% of early adopters were already using the technology.

Data collection and integration biggest issues

The research found that IT leaders were most concerned about IIoT challenges around data collection and integration.

70% of those surveyed said that proven data modeling and mapping capabilities were the most important aspect of an IIoT platform.

However, 64% said that the biggest IIoT challenge stems from difficulties integrating data from a variety of formats and sources, as well as problems extracting business value from such data.

And as IIoT devices begin to proliferate at an accelerating pace, senior IT execs raise concerns that actionable intelligence will get lost in the coming data tsunami.

87% of those surveyed said that the huge volume of data and the difficulty in verifying its accuracy will cause valuable business insights to get lost along the way.

(1) ReadWrite – article

(2) Value Walk – Infographic

(3) GE Digital

(4) Market Map – CB Insights

Internet of Things – Virtual Conference December 1st 2016

iotc

IoT Grand Slam Virtual Internet of Things Conference

Selected topics covered about IoT

What are some of the most promising applications of IoT currently, and how will cognitive IoT help realize some of those and create new possibilities for IoT? In this panel, industry experts discuss where IoT is today and how emerging technologies like cognitive computing will create new ways of doing business for all types of companies. (panel session).

sam-george

IoT – from the art of the possible to the very practical. This is an incredibly exciting time. IoT is rapidly transforming the world around us and helping companies increase efficiency, reduce energy waste, gain deeper insights, and create entirely new businesses. Microsoft Azure is all in on IoT and Sam George leads Azure’s IoT efforts. Sam will talk about what is possible in IoT using large and mid-size customer examples as well as the very practical steps companies can take to get started with IoT. (Microsoft Azure – Keynote )

aurelie-guerrieri

2017 will be the pivotal year where at-scale, successful revenue models are going to emerge in IoT. In this session, Aurelie Guerrieri will share case studies of companies and products that are finding a market through IoT, frameworks to develop future businesses, and pitfalls to avoid. You’ll leave inspired and ready to apply these insights to your own business.