HK sees Internet of Things as the core to the development of digital economy

Wong King Man, Assistant Government Chief Information Officer gave a speech on IoT in China. The Ministry of Industry and Information Technology of the People’s Republic of China just released the “14th Five-Year Plan for Information and Communication Industry Development” last month. Among them, five key tasks are proposed, including the…

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Internet of Things spending in APAC to reach US$437B in 2025

Growth is driven by increased adoption of location tracking, facial recognition, remote working, etc. Asia Pacific spending on Internet of Things (IoT) will expand by 9.6% in 2021, accelerating from 1.5% in 2020. The latest release of IDC’s Worldwide Semiannual Internet of Things Spending Guide indicates a gradual growth of IoT…

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Digital twins to become widespread, edge computing to accelerate IoT adoption

The importance of Industry 4.0 technologies to become clearer. The fourth industrial revolution—also known as Industry 4.0—will benefit not just traditional manufacturing and logistics but all areas of business in 2022, notes leading data and analytics company GlobalData. In its latest report, ‘Tech, Media, & Telecom (TMT) Predictions 2022 –…

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Safer construction solutions with IoT

Connecting project spaces with IoT devices and flexible digital workflows. The number of cranes across a city’s skyscape is a fairly good measure of the health of the construction sector. But those cranes are also a pointer to potentially hazardous worksites – almost one in five workplace deaths in Australia…

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Clouds on the horizon

Manufacturers are under extreme pressure to digitise. The Manufacturing Execution Systems market has been pretty lively in 2020-21, noted Gartner. Much of the activity has been the crush of vendors rushing to embrace microservices, containerized applications and low-code/no-code development, wrote Rick Franzosa senior director analyst at Gartner. In a blog…

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Global IoT market will surpass the US$1T mark by 2024

A COVID-19 driven new digital transformation wave will fuel higher growth across all IoT markets. The global internet of things (IoT) market by revenue will be worth US$1.1 trillion by 2024, with much of the growth coming from wearables, reported analyst firm GlobalData. In its latest report, ‘Thematic Research: Internet…

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Asia-Pacific’s Internet of Things market worth close to US$437B by 2026

COVID-19 has had a negative impact on projects that integrate innovative technolgies. Frost & Sullivan’s recent analysis finds that Asia-Pacific’s Internet of Things (IoT) market is rapidly being transformed by mega trends, including the integration of edge-computing networks into IoT systems and new narrow-band (NB) IoT deployments. Driven by growing…

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IT/OT convergence to support resilient decision making in APAC

The ability of operations to consume data insight and enable resilient decision making will become critical. The shift in maturity of integration of IT and OT systems will bring a critical focus to processes and organisations. In a recently released report, IDC FutureScape: Worldwide IT/OT Convergence 2021 Predictions — Asia/Pacific (excluding…

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