Here at PYMNTS we cover the Connected Economy as well as banking and payments. You can call it the smart economy or the digital economy. However, as Karen Webster wrote when she introduced the concept and our research methodology for defining it, “that connected economy...
A proposed European Union bill will fine makers of “internet of things” (IOT) products if they don’t meet stringent rules aimed at cutting down on cyberattacks, the Financial Times (FT) wrote Wednesday (Sept. 7). Companies will have to get certificates showing they’re meeting the basic...
When the Federal Trade Commission (FTC) posted an article about internet of things (IoT) devices that can derive highly sensitive information about users and are subject to regulation, connected cars were high on the list, second only to smartphones. The July 11 blog post referenced...
The total addressable market (TAM) for Internet of Things (IoT) applications is expected to grow between 8% and 10% over the next three years, BlackBerry executive chairman and CEO John Chen said Thursday (June 23) during the company’s quarterly earnings call. BlackBerry’s own IoT revenue...
The digital transformation enabled by Internet of Things (IoT) devices and services has driven improvements in everything from vehicle maintenance and asset management to employee engagement and customer satisfaction, according to two customers of connected operations cloud provider Samsara. Read more: IoT Helps Freight Companies...
Companies are investing in digital transformation to fight inflation and overcome other challenges, Samsara executives said Thursday (June 2) during the company’s quarterly earnings call. Those in such essential industries as transportation, wholesale and retail trade, construction, field services, utilities and farming are using data-driven...
The smart-home tech market is booming. In 2020, it was almost a 100-billion industry — and it’s expected that in 2028 it will increase its value by a factor of five. Two of the main frictions that prevent this market from developing faster are the...
The European Commission published a sector inquiry into consumer Internet of Things (IoT) last Thursday, analyzing the competitive landscape, emerging trends and potential competition issues. The report summarizes the responses from more than 200 companies active in the manufacturing of smart devices, the provision of...
Chinese consumer electronics and smart manufacturing company Xiaomi is championing a new global standard for artificial intelligence (AI) and internet of things (IoT) security that aims to reassure people about data safety while using IoT products, according to a Monday (Jan. 17) press release. “Users’...