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The Internet of Things (IoT) has hardware companies and software developers excited, as long as they have properly prepared for the growing craze. Chip maker Qualcomm says it has already generated $1 billion in revenue during 2014 in IoT-related business, with more than 120 million smart home units powered by Qualcomm.
Starting this year, Qualcomm believes 10 percent of its chip division revenue will be from products other than smartphones - as the IoT market continues to develop.
"The investment we've made in the Snapdragon business is necessary to drive our mobile business," said Derek Aberle, president at Qualcomm, in a statement to Forbes. "We've also made some investments in automotive-grade Snapdragon chips, but it's not like we have to create entirely new processors and chips. We can leverage our previous investments and come through with higher margins."
ESB and Vodafone have joined forces to launch a new broadband company in Ireland known as Siro, with €450 million ($512 million), that will launch high-speed fiber optic broadband in the country.
The first outlay will cover 500,000 premises in regional towns throughout Ireland. There has been a trial in Cavan of 300 premises, where users were able to tap an insane speed of 1Gbps, bidirectional. The new network will be laid out on ESB's existing overground and underground infrastructure, which already uses fiber optic cable. This will ensure that up to 1Gbps speeds can be delivered to users.
The new service will be offering users speeds of between 200Mbps and 1Gbps, which is magnitudes more than what most users in Ireland have at the moment. Better yet, Siro will be offering its super-fast broadband to other telecom operators, so that it can be pushed in the retail side of things, too. Siro will be rolling out the fiber broadband in June, starting in Cavan, Dundalk, Westport, Castlebar, Sligo, Carrigaline, Tralee, Navan, Letterkenny and Wexford.
Samsung is preparing to support the Internet of Things (IoT) on a larger scale, utilizing its Artik chip platform for connected products. The Korean electronics company is looking for new business opportunities as its mobile business unit struggles - and IoT could be a safe bet, as Samsung is proactively preparing new hardware.
More details about Artik will be revealed next Tuesday, during a Samsung keynote at the Internet of Things (IoT) world.
"By continuing efforts to connect devices and people to achieve greater insights, we have a huge opportunity to work with others in the industry, to tackle these real-world issues in ways that will fundamentally change people's lives for the better," said Young Sohn, president and chief strategy officer at Samsung Electronics, in a press statement.
We've been hearing about Google's rumored wireless service for a little while now, but rumor has it that the Mountain View-based search giant may reveal its wireless service as soon as... tomorrow.
The Wall Street Journal is the source of the rumor according to their sources, with the wireless service also working on Sprint and T-Mobile's networks, and only on the Nexus 6 for now. The Google-powered network should be capable of switching between the two networks depending on which one is feeding your Nexus 6 with a stronger signal.
Customers will reportedly be able to pay for just the data they use, versus having to buy an allotted amount and then wasting it if they don't use it all by the end of the month. At Mobile World Congress last month, Google's Senior VP Sundar Pichai said: "We don't intend to be a carrier at scale. I think we're at the stage where we need to think of hardware, software, and connectivity together. We want to break down the barriers on how connectivity works".
Google wants to offer a wireless service to people in the United States, but it looks like their plans of unveiling this as a semi surprise have been popped.
A recent look at the firmware image for the Nexus 6 has teased that there will soon be a service that offers consumers the option of paying for only what they use, with the future service provided with a logo, and a temporary name: Project Fi. Android Police noticed an app called "Tycho" that housed numerous clues to Project Fi, with the app looking to provide the option of activating the service, but giving consumers additional options, too.
These options include putting the account on hole, resuming it, or closing it down completely, without needing the consumer to call a customer care number. Project Fi users can also port their own number to the service, or they can use their number from a separate Google Voice system, too.
IBM plans to invest $3 billion in an operation to develop an Internet of Things (IoT) division tasked with handling data from smartphones, tablets, connected vehicles, and other Things. The platform will be open so manufacturers can ensure their apps and connected devices are optimized for IoT connectivity.
The company understands that the majority of data generated and collected cannot be analyzed, as there is no proper infrastructure to do so - but will work with partnering companies to develop tools and services for app developers.
"Our knowledge of the world grows with every connected sensor and device, but too often we are not acting on it, even when we know we can ensure a better result," said Bob Picciano, SVP of IBM Analytics. "IBM will enable clients and industry partners apply IoT data to build solutions based on an open platform. This is a major focus of investment for IBM because it's a rish and broad-based opportunity where innovation matters."
There is much media attention focused on the Internet of Things (IoT) for consumers, but it looks like businesses are greatly adopting smart technology. Smart buildings and infrastructure is expected to boom, reaching $17.4 billion in 2019, as competitive pricing and tech advances help adoption, according to IDC.
The economy is further recovering, so adoption is expected to ramp up in 2015 and over the next four years, while energy costs remain a huge concern for companies. If more companies pledge to improve sustainability and energy management, then there is even more potential for strong growth in smart building solutions.
"While the 'Internet of Things' is a topic of much speculation in the consumer market, smart building technology has steadily been increasing its footprint and impact among commercial buildings," said Jill Feblowitz, VP of Energy Insights at IDC. "Smart building solutions are valuable technologies for deploying energy management strategies that generate operational efficiencies, cost containment, and sustainability benefits that appeal to key stakeholders in building management."
The Federal Trade Commission (FTC) wants to keep a close eye on the growing Internet of Things (IoT) boom, as more connected Things access the Internet.
The FTC will task the newly-created Office of Technology Research and Investigation with a high-level approach to analyzing IoT. It will focus on studying "privacy, data security, connected cars, smart homes, algorithmic transparency, emerging payment methods, big data, and the Internet of Things."
The IoT provides great potential for connectivity everywhere a person goes, but the FTC has concerns related to privacy and security.
There will be 1.1 billion connected things accessing the Internet of Things (IoT) to help power smart cities in 2015, according to the Gartner research group. That figure will increase up to 9.7 billion by 2020, as more products and services rely on the Internet.
Forty-five percent of total connected things in use will be smart homes and smart commercial buildings - and that figure will rise up to 81 percent by 2020. The new opportunity provides great sales pipelines for manufacturers trying to provide connected solutions to customers.
"Smart cities represent a great revenue opportunity for technology and services providers (TSPs), but providers need to start to plan, engage and position their offerings now," said Bettina Tratz-Ryan, research VP at Gartner. "The majority of Internet of Things (IoT) spending for smart cities will come from the private sector."
Smart appliances connected to the Internet of Things (IoT) could help businesses cut energy consumption, yielding financial savings that can be used for other business ventures, supporters say. A growing number of connected sensors, which are dropping in price, provide more choices for business leaders when embracing smart technology.
Businesses can embrace smart tech that is able to provide additional details regarding energy consumption, where and when it is happening the most, and how to save money. New offerings provide minute-by-minute metering, a unique metric that holds great potential for the future.
"Energy costs for businesses, particularly small businesses, are always a big challenge - especially if that business is energy intensive," said Rob McNamara, executive director of SmartGrid GB, in a statement published by The Guardian. "So any technologies, products and services that can help them reduce their energy costs are typically going to be welcome. And things like smart metering, in particular, can provide them with tangible benefits."