Trends in Technology

3 Internet of Things Companies to watch in 2018

January 17, 2018 by Bobby J Davidson
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internet of things 2018It is hard not to get excited about Internet of Things (IoT). A broad category, IoT covers nearly every company—tech or otherwise. For those who aren’t versed with the concept, Internet of Things refers to the ever-growing world of interconnected household and internet devices. Over the past few years, many companies have invested heavily in Internet of Things to come up with praiseworthy innovations. More of the same is expected in 2018 with the following three IoT companies being touted as the ones to watch out for!

Today, the internet of things (IoT) is much more than just a buzzword. Now, you can find the application of IoT in many homes, businesses and even factories all over the world. IoT is already making big waves in countries such as the U.S and the United Kingdom and it is expected that in 2018, many other countries will enter the fold. Considering that Internet of Things is increasing in popularity each day, it should not come as a surprise that many companies—including some established names, are investing heavily in IoT.

Leading the Vision of an Ever-Connected Physical World

Evolving and expanding each day, the internet of things (IoT) is becoming more and more beneficial for connecting our devices, appliances, homes and vehicles to each other. As they have taken responsibility of developing and promoting IoT upon themselves, some IoT companies are instantly recognizable today. However, many other companies are waiting in the wings to show the world exactly how they can benefit the internet of things.

Today, Internet of things is no longer a CES hype; rather, it is a reality embraced by companies and people all over the world. People are now accustomed to wearing Apple watches and Fitbits and pressing their Amazon Dash button when needing to replenish an item for daily/weekly use. Additionally, IoT devices such as Smart refrigerators have enabled people to take inventory and re-stock edibles without opening the door of their fridge. Other household items enabled by IoT can also perform similar function.

As mentioned earlier, many IoT companies are waiting in the wings to contribute to the internet of Things and help it involve. Following are the top three internet of things companies to watch out for in 2018.

General Electric

One of the largest and most well-known companies in America, General Electric or GE has embraced IoT wholeheartedly to stay relevant and reinvent itself. To have a team focusing specifically on IoT and its aspects, GE created a parallel organization known as General Electric Digital in 2015. Additionally, General Electric was one of the companies that founded the Industrial Internet Consortium in 2014—a group working to bring internet of things to the factory floor. But, these aren’t the only contributions made by GE to IoT. Predix—a platform-as-a-service (PaaS) offering of GE Digital, integrates traditional and cloud databases with machine-generated data. The purpose of the Predix software is to scrutinize the big data stores generated by IoT using the latest neutral network technologies to help companies search for chunks of insight.

To make them smarter and more 21st century like, General electric has reshaped many of its offerings to enable them to generate data flows that are as valuable as the product as the offerings themselves. IoT products already offered by GE include Grid IQ solutions for utility companies and products for airline fuel optimization and hospital operations management.

The company is now aiming to be a major supplier for industrial IoT. Also, GE has joined hands with Accenture to create Taleris—a intelligent system for diagnosing and predicting beforehand aircraft maintenance issues to ensure vehicles work optimally and are fit for purpose. In addition to General Electric, some other established names are also investing in IoT and one of them is Schneider Electric.

Schneider Electric

Just like General Electric, Schneider Electric has made internet of things a priority. The company is currently working to reshape its business and products to enable them for IoT. A well-established and known multinational corporation headquartered in France, Schneider is embracing internet of things to not energize to only its own business, but also that of its customers.

Two years ago, the company announced an IoT cloud service that would link its offerings across its portfolio of products—including switches, breakers and distribution items. More IoT innovations by Schneider Electric are expected this year so you would do well to closely follow the company during 2018.

Rolls Royce

Another established company that is spending money on IoT innovations is Rolls Royce—the British manufacturer of luxury cars. While not strictly an IoT company, Rolls Royce is leading the way when it comes to innovations in the internet of things.

To track performance and identify any problems before they actually materialize, Rolls Royce equips its jet engines with sensors enabled by IoT. Additionally, the company diagnosis these problems and reports them back to airlines by using the Cortana intelligence suite and the Azure IoT suite of Microsoft.

By using the Stream Analytics and Power BI of Azure, Rolls Royce is able to extract sensor data from its engines and connect it with information from air traffic control such as weather, route data and the aircraft’s fuel usage. This allows the company to get an overall picture of its engines’ health. By enabling innovations in IoT, the company is aiming to make airlines more efficient and streamline, which in turn will help them to make better decision regarding route choice and aircraft options.

In addition to the three companies mentioned above, there are many other IoT companies to watch out for in 2018. If you’re interested in finding out about them, then stay tuned for more!

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