If you manage a supply chain of temperature-sensitive products, cold chain monitoring can help minimize spoilage/waste and boost customer satisfaction. Products like vaccines, biologics, fresh produce, frozen food, and dairy must be stored in cool temperatures throughout the entire supply chain, or they risk becoming unsellable. Every year, the biopharma industry loses about US$35 billion because of a failure to implement temperature-controlled logistics. Even worse, the lack of temperature monitoring greatly contributes to the US$1 trillion of food waste annually. Cold chain technologies like temperature sensors and software platforms can help you avoid spoilage and comply with safety regulations.
What Is IoT Remote Monitoring?
Internet of Things (IoT) remote monitoring provides real-time conditional and usage data about equipment, machines, and infrastructure. IoT sensors are placed on or in assets to make this possible, revealing various metrics. Remote monitoring of IoT assets is essential for organizations to improve efficiency, address problems before they exacerbate, and make informed decisions.
When an industrial asset has a functionality issue, a technical expert typically travels to the worksite to identify and solve the issue. However, assets like equipment and machines might be located in a potentially dangerous area, and the travel requirement leads to significant downtime. One effective alternative to on-site maintenance is using Augmented Reality (AR) and Virtual Reality (VR) remote assistance and support.
The eIDAS 2.0 regulation set a target for the upcoming European Union (EU) Digital Identity (EUDI) wallet to be available to 80% of EU citizens by 2030. While ABI Research doesn’t anticipate the European Commission’s target being met, there's significant momentum building for the borderless wallet. Since mid-2023, there have been a number of large-scale pilot projects across the continent testing the digital wallet in select EU countries. The wallet’s upcoming launch is a pivotal part of the EU’s digitalization ambitions, providing a digital version of physical ID documents. The primary goal of EUDI is to provide a consistent Electronic Identity (eID) wallet that unifies all personal documentation and simplifies life for EU citizens.
NVIDIA's market capitalization continues its meteoric rise, largely driven by ever-growing data center revenue that surprises financial analysts time and again. NVIDIA's early bets on Artificial Intelligence (AI), followed by generative AI (via its cooperation with OpenAI), were winners, and this lends its charismatic CEO the confidence and, in many people's eyes, the legitimacy to define the future of computing. During his keynote at COMPUTEX, we heard again that the future will be “generative,” reducing the need to retrieve data stored in data warehouses around the world.
Heavy industrial sectors like mining, forestry, construction, transportation, and manufacturing are on the verge of a major transformation. These industries face increasing challenges, such as stricter worksite safety requirements, the need to minimize downtime, and a shrinking workforce. Consequently, there's a pressing need for digital transformation that connects people, data, and equipment.
With more than 80,000 visitors, this year’s COMPUTEX was, by far, the most attended in the history of the show. Traditionally, COMPUTEX is where the computer and information technology supply chain, notably Asian component and module suppliers, Original Device Manufacturers (ODMs), and Original Equipment Manufacturers (OEMs), exhibit their latest innovations to attract their customers to the latest innovation. While in the past, the show focused mainly on Personal Computers (PCs), laptops, the Internet of Things (IoT), and other consumer electronics technologies, Artificial Intelligence (AI) dominated the show this year, targeting the entire stack from cloud applications to the far edge of the infrastructure and from consumer applications to the enterprise.
Manufacturers are expected to spend roughly US$751 million on private 5G in 2024. Growing at a robust Compound Annual Growth Rate (CAGR) of 55.9%, that number will surpass US$9 billion by 2030.
The business case for 4G/5G private wireless networks has been established across the Industrial Internet of Things (IIoT) markets, evidenced by increased adoption in recent years. Private cellular network operators offer mobile services and technical specifications focused on specific industries and regions, resulting in more tailored network deployments than what you might get with a consumer-focused operator.
Nearly 45,000 people and 900 exhibitors signed up for Automate, the largest robotics and automation trade show in North America, held in Chicago May 6-9, 2024. As a show, Automate is more focused than Hannover Messe or IMTS and, consequently, there were many automation and tooling suppliers, including ABB, Atlas Copco, and FANUC that chose this event over its larger peers.