Connected vehicles have a potential value of up to 400 billion dollars: A study by management consultancy „McKinsey and Company“ shows that data usage and the networking of vehicles have enormous value potential: sales and savings in the three-digit billion dollar range are possible. By 2030, participating industries such as carmakers, suppliers, service providers, insurance, infrastructure and tech companies could generate up to 250 billion dollars and save around 150 billion dollars at the same time. If the relevant technologies are further developed, the value potential could be even higher. But so far the potential in the auto industry is still all too often untapped, said Timo Möller, one of the study’s co-authors.
Multi and hybrid cloud strategies are in order: The 2020s are still young, but a new trend is already emerging in the IoT area: Scale-out data, i.e. the horizontal, cross-platform and geographically distributed scalability of data. Distributed databases that would guarantee simultaneous access to data from any location. All those accessing would have the same data available everywhere and at the same time and thus would always have the same level of information. This also makes it easier to analyze larger amounts of data, which is particularly important for the development of networked products. This is accompanied by the trend towards so-called “managed services” in the cloud. Adapting and managing distributed databases is complex and not every IoT user has the necessary knowledge. Therefore, these processes could be outsourced to external experts. In turn, users benefit from their routine way of working when managing distributed databases. The trend will probably be towards hybrid cloud solutions, which offer public cloud services with self-managed systems and applications as combined solutions.
How IoT can drive the energy transition: Germany is still lagging behind other European countries in terms of the energy transition. This could change through the clever use of IoT in the energy sector. IoT offers opportunities to accelerate the energy transition, for example by energy producers using it to organize systems and grids better and thus more efficiently. But also on the consumer side, IoT can help to use and save energy sensibly. With smart, decentralized energy generation on the one hand and data-driven reduction in energy consumption on the other, the Internet of Things can gain central importance in the energy transition.
Hyundai confirms, then denies report of Apple tie-up: Hyundai Motor Co. backed away from a statement confirming it is in talks with Apple Inc. on developing a self-driving car that fueled an $8 billion surge in the Korean automaker’s market value Friday, saying instead that it received requests for potential cooperation from a number of companies. Revising its statement for the second time in a matter of hours, Hyundai said it had been contacted by potential partners for the development of autonomous electric vehicles, removing any reference to Apple. Shares of Hyundai surged 19% after Korean media initially reported on talks with the US company, only slightly paring their gains after the statement confirming discussions was revised.
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NUMBER OF THE WEEK
The global IoT security market is set to project a CAGR of 21.99% during the forecast period, 2021-2026
Does IoT open the door to criminals? Building automation is hard to imagine without IoT. However practical and well thought-out such solutions are, they can in fact also provide a target for hackers, which makes cybersecurity in the industrial sector just as important as it is challenging. Problems include structural issues such as unexplained affiliations or lack of experience / training of the operator, but also simply technical problems. Whether it’s the air conditioning of the data center, the fire alarm system or networked elevators: they are all possible critical factors for corporate cybersecurity. However, since security in these areas can be decisive for the continued existence of the company, it is essential to take protective measures and to make investments in this area. Information Technology (IT) and Operation Technology (OT) in particular must therefore work well together to ensure that critical infrastructures are protected.
How to become an IoT platform operator: An increasing number of companies want to provide networked platforms for the products they offer, be it for process optimization or as a basis for (new) business models. But many projects are not economical. Those who haven’t yet set up such a platform should ask themselves: What is the goal of the platform and which features are necessary to achieve this goal? Such a solution-oriented approach ensures that the platform will really serve its purpose later on. Then it is necessary to start implementing the platform step-by-step and take a variety of issues into account. Using a cloud variant can make sense. It is also important to keep development cycles flexible, to pay attention to which protocols must be supported in all cases and to keep key figures in the back of the mind later, especially for the overall effectiveness of the respective production system.
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PROJECT OF THE WEEK
Bosch presents ventilation traffic lights for smart homes: Fresh air has never been more important. In an effort to help reduce the risk of infection in shared spaces during the pandemic, Bosch has developed a new device that will tell consumers how fresh their air is. Users of the Bosch Twinguard smoke detector can call up the new „healthy room air“ service in the associated smartphone app, where air purity, humidity and other levels can be seen. Users can set an air purity value themselves in the app, and if air freshness falls below that, they will get a notification on their phone. „The ventilation detector can now be used to set up its own ventilation traffic light based on the measured air purity,“ a Bosch spokesperson said at CES.
„Qualcomm is ready to play a key role in the digital transformation of numerous industries – our technologies are becoming essential to connect, especially with the cloud.“
Cristiano Amon, electrical engineer and the new head of Qualcomm, on the company’s plans to establish 5G as the mobile communications standard.
Opel has to cancel hundreds of orders for the Mokka-e: The new Opel Mokka has been on sale since the end of September. The first cars are to be delivered in March 2021. However, there are now delivery problems with the fully electric version of the model. The demand for the Mocha-e is so great that production capacities are already being used for the entire year 2021, according to corporate and dealer circles. Other equipment lines of the Mokka-e as well as the gasoline and diesel variants can still be ordered.