Around a Christmas tree at iMinds, a group of developers and entrepreneurs share experiences and ideas about FIWARE. One feeling is common to everybody: the urge to contribute. It is not by chance; the main topic of the discussion is the Open Source FIWARE Community, a promising initiative yet to be defined.
The Internet of Things can bring remarkable benefits as well as substantial challenges to today’s ever-changing business environment. No industry will remain untouched, as physical assets are equipped with sensors to create interconnected electronic network systems that record, process and transmit information. The McKinsey Global Institute estimates the IoT will produce $11.1 trillion annually in global economic value.
Fujitsu has announced today that it has developed a new, low cost, Ultra-High Frequency (UHF) RFID tag suitable for fashion apparel, garments, and accessories. The new Fujitsu WT-A522L Fashion tag, which is about the size of a typical shirt collar stay, is virtually imperceptible when installed in the sheerest of garments. Fujitsu will be showing the new WT-A522L Fashion tag at the National Retail Federation’s (NRF) Annual 2016 Convention & Expo in booth number 3805 at the Jacob K. Javits Convention Center in New York City,
In August, it was reported that 51 percent of marketing executives expect the Internet of Things (IoT) “to revolutionize marketing by 2020,” according to a study by the Economist Intelligence Unit.
The question is why?
IoT has been couched as a tool for ‘personalization,’ ‘engagement’ and new ‘customer experiences,’ but these characterizations are too vague. IoT may be worthy of all the buzzwords, but what will it actually look like in day-to-day life?
The ‘Internet of Things’ will soon change our everyday lives, whether for private or professional use. From now until 2020, 50 billion connected devices will help improve production processes and efficiently combat against general wastage, including food wastage.
Who is going to build the projected 50 billion connected devices and Internet of Things systems slated to come online by the year 2020?
Libelium is throwing down the gauntlet to empower the future IoT workforce by promoting electronics skills in universities and high schools, offering specialized training and a contest to rank and reward the most promising developers and their educators.
Beyond the potential benefits the Internet of Things offers to the consumer segment, industrial uses like manufacturing, power generation, and aviation can also benefit greatly from the Internet of Things. General Electric (NYSE:GE) is leading the charge in the industrial world with an initiative it's calling the Industrial Internet -- aka, the Internet of Things for industry.
If there’s been one thing the world has not been lacking in the past year, it’s been discussion of how much the Internet of Things (IoT) will change business. From product design to partnerships to business strategy, the IoT has been having an affect on it all (as can be seen from the links at the end of this post). But what I have not seen covered in much detail, until now, is how the IoT is changing the industry investment model.