Digital twins can play a vital role in improving the customer experience by optimizing security implementation, in-store planning, and energy management. According to Challenge Advisory, a strategy consultancy, digital twins can play a significant role in enhancing customer service by designing a virtual model of customers.
Empty shelves, masses of customers in the store, and no supplies in sight: the night-mare of every retailer. Customers are not very tolerant of so-called “out-of-stock situations”, as they can also purchase their products through other channels.
The right security and privacy safeguards can help businesses realize the potential of IoT but how do companies know if their privacy and security safeguards are sufficient? IoT compliance certifications can help as standards evolve.
Amazon has thrown down the gauntlet to the classic retail trade with its “Just Walk Out” high-street stores. This scared traditional traders but, while China is mobilizing billions to compete, Europe is relying on its culture of regionally fissured markets that has grown over centuries. It is a weakness and a strength at the same time.
Smartphones, automation, and artificial intelligence are helping revolutionize how banks deliver services, but these technologies may also prove the undoing of the traditional players. Will today’s big banks retain market dominance, or will upstarts and apps fragment the banking sector?
The border protection industry is now on the cusp of seeing major new products and technologies appearing that could result in more secure and efficient borders for both passengers and trade.
Smart Industry asked two industry heavyweights to share their out-look on where the IoT industry is heading: Dr. Gunther Kegel, president and CEO of Pepperl+Fuchs and Frank Hansen, vice president for technical resources and marketing at Avnet Silica.
The use of advanced data analytics, powered by AI, is helping humanity to address climate change in an intelligent way.
Internet of Things (IoT) is much more than the verbiage describing the interconnectivity of many “smart” sensors and devices. IoT’s advocates argue that its real power of IoT.
The IoT company Telenor Connexion has investigated what impulses for sustain-ability will emanate from a networked economy. The new IoT Trend Predictions Report 2020 highlights the role the Internet of Things will play in the fight against climate change.
The penetration of semiconductor components classified as “IoT” is expected to grow from 7% in 2019 to 12% by 2025, IoT Analytics, a leading provider of market insights and competitive intelligence for the Internet of Things (IoT) and Industry 4., claims in a new report.
The world’s largest automotive supplier will be working with one of the world’s largest tech companies in the future: Bosch and Microsoft have agreed to cooperate on software development.
Japanese operator Rakuten Mobile has reached an agreement with U.S.-based Ligado Networks to help it design a private 5G network that uses Rakuten’s customizable platform.
The planned takeover of ARM by Nvidia is currently being examined internationally by antitrust authorities. Now several US tech companies have filed complaints.
“Telia Global IoT Connectivity” is the name of a new solution from Swedish telecom-provider Telia that is available immediately.
![Gerd Leonhard](/wp-content/uploads/2016/06/Gerd-Leonhard-e1536258315185.jpg")
