Standard Chartered and Huawei announced that they are developing an Internet of Things powered solution that could revolutionise the way corporates communicate with banks for financing or payments. Rather than corporates having to manually initiate these transactions through paper-based or emailed instructions, corporates’ and banks systems will be able to ‘speak’ to each other in real-time, triggering financing or payment instructions through Application Programming Interfaces (APIs). The solution combines IoT and cloud capabilities so the bank will be able to track the movement of goods on a real-time basis, reducing operational risks and providing reliable data that can be used…
Author: IOT News Asia
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A new global research study conducted by the Ponemon Institute on behalf of Aruba, a Hewlett Packard Enterprise company , has found that the majority of IT security teams believe that a key gap in their company’s overall security strategy is their inability to identify attacks that use IoT devices as the point of entry. In fact, more than three-quarters of respondents believe their IoT devices are not secure, with 75 percent stating even simple IoT devices pose a threat. Two-thirds of respondents admitted they have little or no ability to protect their “things” from attacks. The Ponemon Institute study,…
Google Hong Kong released the second edition of the Smarter Digital City Whitepaper. The research, conducted by Ipsos, takes an in-depth look at the progress of consumers’ perceptions of a Smart City and their technology adoption in everyday life; as well as the progress of business digital transformation in the past year. The pace of digitalisation in Hong Kong presents a conundrum. There has been only a slight increase in the Consumer Digital Index (CDI) compared to last year, but a significant leap in the CDI for the 55 – 64 age group. Only 30% of local residents consider Hong…
The worldwide smart home devices market is expected to grow 31% year over year in 2018 to 643.9 million shipments, according to the International Data Corporation (IDC) Worldwide Quarterly Smart Home Device Tracker. The entire smart home market, comprised of smart speakers, video entertainment products, connected lighting, smart thermostats, and home monitoring/security products, is forecast to be nearly 1.3 billion devices by 2022 with a five-year compound annual growth rate (CAGR) of 20.8%. The fastest growing category with a five-year CAGR of 39.1%, accounting for almost 100 million units in 2018 and 230.5 million by 2022, will be smart speakers such…
Alexa, the virtual assistant developed by Amazon, has been expanding beyond smart speakers, pushing the use of voice assistants into all industries, including banking. And as a result, banks have been among the early adopters of Alexa-driven services with many rolling out their own conversational services. Capital One was the first bank to have an Alexa skill, enabling customers to check their balance, track spending and pay bills using the virtual assistant. Last year, the bank deployed Eno, touted as the first natural language SMS chatbot from an American bank. Bank of America began rolling out its Erica chatbot in…
UiPath, an Enterprise Robotic Process Automation (RPA) software company, has closed its series C funding raising $225 million at a valuation of $3 billion. The round was co-led by existing investor CapitalG and new investor Sequoia Capital Accel, which led both UiPath Series A and B rounds also participated in this round. UiPath is likely to be the fastest growing enterprise software company in history. The company announced in early July that it had increased its annual recurring revenue from $1M to $100M – a feat which it believes no other enterprise subscription software business has accomplished in such a short time. UiPath counts more…
Ambi Labs, the makers of a smart AI-enabled air-conditioner (AC) control, Ambi Climate, announces its newest feature: Multi-User Geolocation. Basically, the Multi-user Geolocation feature eliminates hassle and worries. Homeowners with Ambi Climate devices can now come home and automatically have the perfect AC settings. They can also go out without worrying about whether they or the next person who leaves the house will turn off the AC or not. Ambi Climate’s geolocation features allow automatic switching on and off one’s AC based on the location of the owner’s phone relative to the location of the device. With the correct set…
NEXT Future Transportation, the world’s only modular electric vehicle solutions provider, announced a groundbreaking automated logistics solution for Smart and Connected Cities: NEXT is proud to announce the introduction of its fully automated multiservice ‘online-to-offline’ (O2O) platform, including a modular vehicle solution and the supporting operating system required to bring an ecosystem of logistics services to market at scale. “To date, NEXT has entirely focused on creating innovative solutions for the municipal mass transportation market. Today NEXT enters the global USD $2.3 trillion e-commerce market, which is driving a rapid transformation of the traditional retail supply chain,” said Emmanuele Spera,…
DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization, including increased cyber security and smart infrastructure. The new Singapore hub is called Digital Consulting and Smart Cities, and will include three teams covering smart cities, cyber security, and digital development – including support for DNV GL’s open industry platform Veracity. The digital hub, part of DNV GL – Digital Solutions, is set up to work closely with local and regional authorities and industry players to improve the performance of assets and infrastructure and to…
The benefits of IoT span three particular categories, namely the Industrial 4.0 Revolution, smart cities and consumer IoT. Excluding Japan, the IoT market in Asia Pacific is expected to grow from US$250 bil to US$583 bil by 2019. Meanwhile global spending on IoT is expected to hit nearly US$1.4 tril by 2021, up from US$8000 bil in 2017, the technology research firm International Data Corp reports. Yet despite the staggering growth trajectory much of Asia’s investments are largely geared towards investments in IOT Innovation centres. Here are 10 helpful tips for the industry to drive IOT adoption Step 1 :…