Predictive Maintenance Market – The Evolution from Niche Topic to High ROI Application

Predictive Maintenance Market - The Evolution from Niche Topic to High ROI Application
In short:

  • In just five years, predictive maintenance has moved from an uncertain, standalone niche use case to a fast-growing, high return on investment (ROI) application that is truly delivering value to users.
  • These developments are an indication of the power of the Internet of Things (IoT) and artificial intelligence (AI), and the market is still in its infancy.
  • A new IoT Analytics report estimates that the $6.9 billion predictive maintenance market will reach $28.2 billion by 2026.

IoT Analytics, a leading provider of market insights and competitive intelligence for the Internet of Things (IoT) and Industry 4.0, extensively researched the predictive maintenance market and found that it is no longer a niche topic but has become a viable IoT application that is delivering overwhelmingly positive ROI.

In 2015, when IoT Analytics initiated research coverage on the topic of IoT-driven predictive maintenance, the market was almost non-existent. Knud Lasse Lueth, … Read the rest

Telit Expands Latin America Leadership with Expanded Hi-Mix Partnership in Brazil

Telit Expands Latin America Leadership with Expanded Hi-Mix Partnership in Brazil

  • Telit’s decade-long partnership with Hi-Mix provides Brazil users with extensive IPI tax savings and an even more compelling upgrade path from 2G and 3G to 4G LTE
  • Hi-Mix is initially manufacturing the Telit ML865G1-WW module in April 2021, with a roadmap that includes ME310G1-WW, ME910G1-WW and LE910S1 modules

Telit, a global enabler of the Internet of Things (IoT), today announced an expansion of its partnership with Hi-Mix Eletrônicos S/A, an Electronic Manufacturing Service (EMS) provider in Brazil, to include production of LTE modules.

The expansion directly benefits Telit customers in Latin America by enabling them to take advantage of two major tax credits for modules manufactured in Brazil.

The partnership expansion provides device OEMs and systems designers with a 100 percent exemption from Brazil’s Imposto sobre Produtos Industrializados (IPI) federal tax levied on imported products if they source Telit’s LTE modules from Hi-Mix. In addition, customers receive the Brazil Basic … Read the rest

Trusted Connectivity Alliance Welcomes Success of Integrated SIM Standardisation

Trusted Connectivity Alliance Welcomes Success of Integrated SIM Standardisation

Newly published paper recognises high levels of security assurance and global interoperability provided by standardised integrated SIM solutions.

The Trusted Connectivity Alliance (TCA) has published a new paper welcoming global standardisation efforts that have evolved integrated SIM functionality.

Within the document, TCA advocates global, open standards developed by recognised industry organisations including GSMA, which ensure that integrated SIM technologies for secure connectivity and services can provide interoperability and security levels that match their embedded and removable SIM counterparts.

The paper – which is titled Integrated SIM Functionality: Drivers, Approaches to Standardisation and Use Cases –defines an integrated SIM as a solution where SIM functionality is implemented on a hardware Tamper Resistant Element (TRE)* integrated within a host System-on-Chip. In addition to considering market forces driving the integration trend, the paper also summarises current industry standardisation efforts, details use cases and explores benefits of integration for device security.

from removable SIM to integrated SIM
Claus Dietze, … Read the rest

Safecube launches LocaTrack, a new IoT-enabled asset tracking solution powered by Sigfox network

Safecube launches LocaTrack, a new IoT-enabled asset tracking solution powered by Sigfox 0G network

French company Safecube, born from a joint venture between Michelin, Sigfox France and Argon & Co in 2019, is launching its new LocaTrack asset tracking solution with IoT technology.

Safecube continues its development in the supply chain ecosystem by providing visibility on transport flows and now assets by leveraging digital innovations such as IoT.

Its initial solution proposed real-time visibility on multimodal flows with an IoT approach. Michelin was the first to use Safecube’s IoT service.

Today, the company is diversifying by creating an asset tracking solution, LocaTrack. This solution will track and monitor assets, while the first Safecube solution provides visibility over supply chain flows.

What is LocaTrack?

Almost two years after the launch of its first flow tracking solution, Safecube expertise has expanded to include asset tracking.
The purpose is to offer a global view of the fleet using an intuitive interface for monitoring assets activity. … Read the rest

The environmental case for remote working

During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?

Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19. 

There have been related societal benefits, too – the result of people cutting the commute and working at home. And while nobody denies that these are good things, the question is whether businesses will choose to protect them once the crisis has passed. 

The environmental impact

When the world went into lockdown in March 2020, the impact on the environment was seen almost immediately. On 19 March, researchers from Colombia University told the BBC that carbon monoxide, mainly from cars, in New York had been … Read the rest

Interview with Nicolas Andrieu, SVP EMEA at Sigfox: How IoT has only just begun to revolutionise agricultural trade

Nicolas Andrieu Sigfox

Interview with Nicolas Andrieu, SVP EMEA at Sigfox.

IoT Business News : What IoT solutions has Sigfox created/been part of creating which are already enabling farmers to improve their productivity and optimize their supply chain?

Nicolas Andrieu (Sigfox): At Sigfox, we have long recognized that IoT has great potential to dramatically transform agricultural productivity, leading to greater food security and improved income for farmers.

Our company provides a ultra-low-cost and ultra-low-power 0G network and IoT (Internet of Things) services focused on asset visibility and tracking. Together with our wide ecosystem of partners – who develop, sell and support Sigfox connected devices – we are helping some agricultural companies and farmers accelerate their digital transformation, develop new services and create value.

One example in Kenya is Twiga Food’s Takuwa farm. Twiga Foods has demonstrated the benefits of adopting IoT solutions for precision farming. For example, it has reduced pesticide consumption. The … Read the rest

How Thai economy began to be affected by the third wave of COVID-19

In April 2021, the Thai economy began to be affected by the third wave of the COVID-19 outbreak according to a report published by the Bank of Thailand.

Private consumption indicators declined from the previous month in all spending categories. Private investment indicators dropped from the machinery and equipment category. Meanwhile, the tourism sector has not recovered as international travel restrictions remained.

However, merchandise exports continued to improve in line with trading partners’ demand which subsequently supported production in the manufacturing sector. Public spending continued to play a role in supporting the economy.

On the economic stability front, headline inflation rate accelerated as the government’s subsidies on electricity and water bills were terminated as well as due to the low level of energy prices in the same period last year.

The labour market remained vulnerable. The current account posted a slightly higher deficit than the previous month.

Details of the

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Kerlink & AIUT Install Largest Smart LoRaWAN® Network in Poland For Water-Supply-System Monitoring and Management

Kerlink & AIUT Install Largest Smart LoRaWAN® Network in Poland For Water-Supply-System Monitoring and Management

LoRaWAN-Based Installation Demonstrates How Internet of Things Development Is Part of the Strategic Direction for the Polish Economy.

Kerlink, a specialist in solutions dedicated to the Internet of Things (IoT), and AIUT, an international expert in IoT-dedicated solutions, have completed Poland’s largest LoRaWAN® network for water-supply monitoring and management using Kerlink Wirnet™ LoRaWAN gateways and AIUT’s sensors.

AIUT deployed the wireless network in Piekary Śląskie, a city of 55,000 residents spread across 40 square kilometers. As part of its portfolio of Smart City IoT solutions, AIUT provides cities with flexible, easy-to-use and quick-to-implement systems for remote, stationary utility-meter readouts, measurement and leak detection based on the best and most cost-effective technologies. The hourly and daily readouts provide real-time monitoring of the municipal water supply network’s operation, while reducing operating costs for the water utility.

Commissioned by the Municipal Water and Sewerage Company in Piekary Śląskie, the system includes approximately 6,500 … Read the rest

Asia Pacific: Recovery delayed but not derailed

The ASEAN-6 economies have experienced a surge in Covid-19 cases since the start of 2021, which has led to the reinstatement of social distancing measures.

Thailand has recorded over 120,000 cases since April against less than 7,000 in all of 2020. At the other end of the spectrum Singapore and Vietnam averaged 5 and 1.1 per million new cases a day in May, which is still very low regionally and globally. In the case

This has dimmed, but not derailed the regional economic recovery; we have lowered our 2021 GDP growth forecast to 4.9% (from 5.5% previously). Our forecast is for growth to improve to 6.5% in 2022 as countries move closer to herd immunity and the recovery becomes more synchronised across sectors.

After being lauded for their successful containment of Covid-19 in 2020, the ASEAN-6 economies have experienced a surge in cases since the start of the year.

New … Read the rest

KORE Critical Asset Monitoring Solution Now Available in AWS Marketplace

KORE Critical Asset Monitoring Solution Now Available in AWS Marketplace

Launch simplifies procurement and deployment of solution for real-time asset tracking and condition monitoring of in-transit goods globally.

KORE last week announced the availability of Critical Asset Monitoring in AWS Marketplace.

Critical Asset Monitoring (CAM), powered by Visilion, is a comprehensive solution that enables businesses to visualize and mitigate the risks associated with global, multi-modal supply chain operations.

AWS Marketplace is a digital catalog with thousands of software listings from ISVs that makes it easy to find, test, buy, and deploy software and services that run on Amazon Web Services (AWS). The ability to procure CAM through AWS Marketplace makes it easier than ever for manufacturers, freight forwarders, and logistics organizations to mitigate risks, ensure quality, and certify chain of custody.

Romil Bahl, President and CEO of KORE, said:

“The complexity of deploying IoT solutions has held businesses back for far too long, and this includes monitoring mission-critical assets across

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