Approximately one in six people get sick, 128,000 are hospitalized, and 3,000 actually die each year from food-related illnesses. In response to these alarming statistics, the FDA introduced the Food Safety Modernization Act (FSMA) in 2011. The legislation was a major overhaul to the country’s food safety framework, placing new regulations on producers and suppliers throughout the entire food supply chain.
A number of businesses are starting to use audio and image signal processing in IoT systems and applications to transform the way they run their companies and do business.
The addition of audio and image signal processing in Internet of Things systems and applications delivers a number of benefits, ranging from cost savings to supply chain efficiencies. Better yet, these benefits are possible across just about any industry (although some are benefitting more than others).
While 2018 was the best holiday shopping season in six years (US sales were up more than 5 percent in stores), closures of big names such as Sears and ToyRUs demonstrate the fragile state of brick-and-mortar stores. And, during that same season, online sales saw a much larger increase: up 19 percent from the year before.
The global digital twin market is expected to reach $15 billion by 2023, with a compound annual growth rate (CAGR) of 37 percent between 2017 and 2023. Major companies such as General Electric, IBM, and Microsoft are using digital twin technology to optimize products and services, perform predictive maintenance and health monitoring, and design new products. Gartner named digital twins as one of the top 10 technology trends for 2019, noting that the focus of this technology will be in IoT.
Industrial IoT systems have unique requirements and constraints that impact the design of IoT solutions for industrial use. Industrial equipment has a long lifetime, measured in decades, and systems often have legacy edge sensors that are outdated and lack the necessary bandwidth to reach the cloud.
The global smart fabrics market was valued at $1.72 billion in 2017 and is forecasted to hit $4.08 billion by 2023. This represents a Compound Annual Growth Rate (CAGR) of more than 19 percent over this five-year period.
Internet of Things (IoT) technology is becoming much more common with the number of connected devices expected to hit 55 billion by 2025, up from 9 billion in 2017. It is also estimated that there will be almost $15 trillion in aggregate IoT investment between 2017 and 2025.
The Internet of Things (IoT) has been around long enough that we are now seeing sub-sections of IoT appear as a way to differentiate where IoT applications are being used and how they are being used. One IoT segment that is growing quickly is the Consumer Internet of Things, also known as Consumer IoT or CIoT.
IoT (Internet of Things) is increasingly being used across all industries, and transportation is no exception. "Smart transportation" includes the use of IoT in transportation systems. The smart transportation market is expected to grow to more than $130 billion by...
Most brick-and-mortar stores share the same fear—losing sales and customers to Amazon and other online sellers. But these retailers can stay in the game by making their operations run smarter and providing customers with a new and improved experience. Internet of...
A recent report from International Data Corporation (IDC) estimates that IoT spending will reach $772.5 billion this year. The manufacturing industry is expected to lead this IoT investment, with estimated expenditures hitting $189 billion.
The global IoT healthcare market is expected to have a compound annual growth rate (CAGR) of more than 11% between 2017 and 2022. Growth is driven by the increasing use of Internet of Things medical and healthcare devices to remotely monitor patient health.
IoT connectivity and embedded sensors are the driving forces behind the demand for these devices, as they are responsible for gathering the data and transmitting it to other sources for remote monitoring.