REPLY: The Internet of Things, Together With the Evolution of 5G and Edge Computing, Is Driving Industrial Innovation
Reply’s latest research “Industrial IoT: A Reality Check ” explores two key areas that are driving the growth of IoT within the industrial market: smart factory and smart transport & logistics. By connecting machinery and tools, the Industrial IoT (IIoT) enables manufacturing companies to improve the visibility of their production in real time. The huge amount of data generated by Industrial IoT devices constitutes the fuel for optimising production, improving the delivery quality, introducing predictive maintenance, automating the supply chain and much more.
“Without the Industrial IoT, Industry 4.0 cannot exist. Data are the fuel for all “smart” use cases in the industrial world; Industrial IoT is the crucial element that guarantees the infrastructure to collect data, to send them to the cloud and to manage the feedback post-analysis, all as part of a virtuous circle of benefits to business”, explains Filippo Rizzante, Reply CTO.
The research, carried out thanks to the data collected with the use of the proprietary Trend Sonar platform and the support provided by the Teknowlogy Group, also examines the main markets for smart factories and smart transport & logistics, grouped into two clusters: “Europe-5” (Germany, Italy, France, Belgium and the Netherlands) and “Big-5” (the USA, China, India, Brazil and the UK).
Despite the though economic climate of 2020, both clusters saw a small growth in investments in smart factories, as well as in the smart transport & logistics area, while further and much more significant growth is expected by 2025. Overall, the smart factory market of the “Big-5” cluster, led by the US, is expected to exceed €86 billion by 2025, with strong investments in platforms, predictive solutions and remote monitoring. The smart transport & logistics market is set to exceed €15 billion. In the “Europe-5” cluster, on the other hand, the smart factory market is expected to nearly triple in all countries, reaching a total of over €23 billion in the five countries in question, with Germany in the lead. Platforms are set to experience exponential growth and businesses will invest to manage quality better and to reduce costs. Germany will also remain the leader in the smart transport & logistics area, but the other countries in the cluster will still see significant growth. This Cluster is expected to reach a total value of €3.6 billion in 2025.
The drive of 5G and edge computing
The adoption of low-cost sensors and 5G networks, driven by large investments by Telcos, will further improve the diffusion of Industrial IoT. For example, improved communication between autonomous vehicles/robots, artificial intelligence and machinery, combined with increased computing power and very low latency, is expected to improve not only the efficiency of plants, but also their safety. Moreover, the ability to create high-density private networks will enable a wider deployment of the Industrial IoT, as well as the connection of a significant number of sensors, machinery, vehicles and robots, complemented by a greater use of augmented and virtual reality to support “connected workers”.
Cybersecurity is a crucial factor
The constant growth of connected devices and their heterogeneity requires bold security management of the setup and maintenance policy of both devices and networks. Based on its experience, Reply believes that organisations need to adopt micro-segmented environments (on-premises and/or cloud-based), which are stable and ready to react to both traditional and new dangerous technologies and techniques, thus reducing the probability that new types of attacks will be successful. The analysis of IoT architecture, of industrial components and of entire infrastructures will help companies to eliminate existing gaps, vulnerabilities and threats in advance. But this is much more than merely a technological issue: training programmes aimed at employees, together with the study and continuous testing of all devices used will also be crucial.
From factories to consumers
If, in recent years, Industrial Internet of Things technologies have been adopted and used, above all, to improve the efficiency of factories and logistics centres, during the pandemic, new investments have been directed primarily towards improving worker safety. The long-term trend, however, is expected to directly involve final consumers. The success of so-called “connected products” is, in fact, accelerating investments towards solutions in which the collection and processing of usage data does not only involve production machinery, but also the use of finished products. The redesign of design, production and distribution processes of IoT-connected products is enabling the creation of value-added services and facilitating the ability to remotely update and maintain household appliances, cars, robots, electronics and entertainment devices.
For more information on the “Industrial IoT: A Reality Check” research. This new research is part of the Reply Market Research series, which includes the “From Cloud to Edge”, “New Interfaces, Zero Interfaces” and “Beyond Digital Marketing” papers.
Reply [MTA, STAR: REY, ISIN: IT0005282865] specialises in the design and implementation of solutions based on the new communication channels and digital media. Through its network of highly specialised companies, Reply partners with major European corporations in the telecoms and media, industry and services, banking and insurance and public administration sectors, to devise and develop business models built on the new paradigms of artificial intelligence, big data, cloud computing, digital media and the Internet of Things. Reply’s services include: Consulting, Systems Integration and Digital Services. www.reply.com
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
Tel. +44 (0)20 7730 6000
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
2J Antennas Launches The World’s Smallest 5GNR, WiFi-6E and GNSS Combination 9-in-1 Antennas For Critical Communication Modernization23.9.2021 17:50:00 EEST | Press release
2J Antennas, a global leader in high performance antenna solutions, introduces the new Stellar Series that is designed for a large suite of devices with a focus on sub 6 GHz, 5G NR, 4G LTE, 3G, 2G, WiFi-6E and GNSS technologies. With superior reliability, quality, performance, real time connectivity and smaller size, the Stellar Series caters to law enforcement, medical transportation, fire rescue, and any other applications where mission critical communication is a requirement. This series includes single or up to 9-in-1 configuration choices within the range of 617 MHz to 7125 MHz frequency bands. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210923005703/en/ Stellar Series by 2J Antennas (Photo: Business Wire) The cutting-edge patent pending technology reduces the antenna footprint by 55% while implementing a new double trifilar design and longitudinal resonances for MIMO/ ARRAY configurations that traditionally have mor
Saladax Biomedical Announces Salvatore J. Salamone, Ph.D. Received the Prestigious Dr. C.E. Pippenger Award23.9.2021 17:05:00 EEST | Press release
Salvatore J. Salamone, Ph.D. received the prestigious Dr. C.E. Pippenger Award at the 2021 International Association of Therapeutic Drug Monitoring and Clinical Toxicology (IATDMCT) annual meeting in Rome, Italy. This award is given to individuals who have made outstanding contributions to the field of Therapeutic Drug Monitoring (TDM). TDM is a field of medical science that seeks to ensure that patients receive a personalized dose of drugs to achieve an optimum therapeutic result. Unfortunately, many medications, such as anticancer, antibiotics, and antifungal treatments, have severe toxicities when overdosed and are ineffective when underdosed. TDM seeks to ensure that the patient receives enough drug to treat the condition but not too much to cause toxicities and potentially death. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210923005035/en/ Dr. Salvatore J. Salamone (Photo: Business Wire) Dr. Salamone received this aw
HarbourVest Partners Announces Close of Direct Lending Fund23.9.2021 17:00:00 EEST | Press release
HarbourVest Partners, a global private markets asset manager, today announced the final close of its HarbourVest Direct Lending Fund (HDL) at over $892 million in limited partner commitments, including the General Partner commitment. The Fund was oversubscribed and closed above the target size of $600 million. This close follows the firm’s final close of Credit Opportunities Fund II, HarbourVest’s junior credit offering, earlier this year. “We are pleased to mark the final close of our inaugural, dedicated direct lending fund, bringing our total capital under management for credit investments to over $3.3 billion*,” said John Toomey, Managing Director, HarbourVest Partners. “The past year has demonstrated the resilience of the asset class and reinforced our objective to broaden the reach of HarbourVest’s solutions to help clients invest in rapidly growing strategies.” The Fund targets senior credit investments in private equity-backed middle-market companies, predominantly in North Ame
Belam and Cepton Establish Partnership to Enable Safety at High-traffic Railway Level Crossings23.9.2021 17:00:00 EEST | Press release
Cepton, a Silicon Valley-based innovator of smart lidar solutions has teamed up with Lithuania-based system integrator Belam to improve road user and rail passenger safety by deploying lidar-enabled obstacle detection at railway level crossings. Following the installation of Cepton’s Helius® Smart Lidar System at a busy railway intersection in Europe, the lidar-based solution has monitored over 15,000 train passages with high accuracy to help ensure the safety of pedestrians and other road users. The system has also helped improve the efficiency of the train service and the traffic flow where it is deployed. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210923005369/en/ Cepton's lidar sensors are installed at the busy level crossing to monitor a complicated traffic scenario. ©Belam. Photo Credit: Belam Belam is a full-service system integrator operating in the Baltics and Northern Europe. Utilizing cutting-edge technologies
NuScale Power Signs Memorandum of Understanding with KGHM and PBE to Explore SMR Deployment in Poland23.9.2021 16:45:00 EEST | Press release
NuScale Power, KGHM Polska Miedź S.A. (KGHM), and Piela Business Engineering (PBE) announced today the three companies have signed a Memorandum of Understanding (MOU) to explore the deployment of NuScale’s small modular reactor (SMR) technology as a coal repurposing solution for existing coal-fired power plants and electricity and heat for KGHM’s industrial processes in Poland. KGHM is a Poland-based leader in copper and silver production and PBE is a Poland-based consultancy which specializes in business engineering advisory. This agreement demonstrates international interest in utilizing NuScale’s SMR technology to produce clean, reliable, and affordable energy. Under the MOU, NuScale will support KGHM and PBE’s examination of NuScale’s SMR technology as a coal repowering/repurposing solution for existing coal-fueled power plants and more broadly for new nuclear plant implementations, as well as for energy in support of industrial operations in Poland. The examination will include an
Allegro DVT and Beamr Announce the World’s First Content-Adaptive Silicon IP Video Encoder23.9.2021 16:35:00 EEST | Press release
Allegro DVT, the leading provider of video processing silicon IPs, and Beamr, the leading developer of content-adaptive video encoding technologies, today announced an integrated solution that combines Beamr’s CABR silicon IP with Allegro’s video encoding IP to create the world’s first content-adaptive silicon IP encoder. Using the integrated solution, ASIC vendors can now create high-performance, low latency video encoding chips that significantly reduce video bitrate without compromising quality. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210923005015/en/ (Photo: Allegro DVT) Allegro DVT’s E2xx family of silicon proven IPs is a highly optimized video encoding solution targeted at ASIC implementations in a wide range of process node technologies down to 3nm. It provides support for mainstream image and video formats including JPEG, H.264, HEVC, VP9 and AV1, at up to 8K resolutions. Beamr’s patented, Emmy® award-winning
Nexo Passes Real-Time Reserves Audit Conducted by Armanino23.9.2021 16:30:00 EEST | Press release
Nexo, the leading institution for digital assets, today announced that Armanino LLP – a PCAOB-certified auditor and one of the 25 largest public accounting firms in the U.S. – now provides a real-time audit of Nexo’s assets, thus offering unparalleled visibility into Nexo’s finances and showing that the company’s assets exceed its liabilities at all times. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210923005619/en/ A snapshot of Nexo's assets and liabilities as of September 23, 2021. (Graphic: Business Wire) Armanino’s real-time attestation of Nexo’s assets and customer obligations brings a level of customer security unprecedented in the crypto lending space. The independent audit also represents a significant milestone in Nexo’s transparency and compliance journey and marks only the beginning of a routine Proof of Reserves program. The next step will allow each client to verify for themselves that their particular asset
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom