US software company Microsoft has formally announced that it will open a new Internet of Things (IoT) lab in Munich, Germany. Industrial companies in Europe are bolstering efforts to modernize production with sensors and software - and Microsoft has recognized a gap in the market to grab a portion of the spending.
5G & IoT EU
Ericsson CEO, Borje Ekholm has admitted that momentum towards 5G is now building and that the Swedish telecommunications giant is poised to explore 'unchartered territory' in its attempts to rollout and implement 5G technologies for its customers.
Head of Technology at IDA, (Industrial Development Authority) Leo Clancy, has boldly claimed that Ireland's IoT position is the envy of the world. He feels Ireland is perfectly placed as global industries continue to invest significantly in IoT.
Three words that prominently feature as a recurring theme during his interview with Silicon Republic are 'Collect, Connect and Transform'.
Internet of Things (IoT) will shape communication in everyday life and business models. When smart products are connected, business opportunities and disruptive ideas involving things yet to be named will emerge, along with markets yet to be discovered. A world of opportunity awaits us. Once implemented, 5G, in conjunction with IoT, will further enable organizations to move into new markets and build new revenue streams with drastically new business models and use cases, including IoT applications.
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