Advantech & Quanergy Announce Partnership to Build LiDAR-Enabled 3D IoT Solutions for Smart City and Logistics

Advantech Service-IoT GmbH, a leading provider of industrial computing solutions, announces its partnership with Quanergy Systems Inc., the leading provider of LiDAR (Light Detection and Ranging) sensors and smart perception solutions. Quanergy sensors and software are a welcome addition to Advantech’s edge servers, offering customers and partners to build LiDAR enabled 3D IoT solutions, both in intelligent Logistics and Smart City Services. Advantech’s wide range of edge servers, from low-cost small-format servers for indoor retail environments, to certified devices for respectively automotive, rail and marine applications, to rack servers for data centers, ensures that a suitable platform can be offered for every LiDAR application.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005753/en/

Quanergy and Advantech Announce Partnership to Build LiDAR-based 3D IoT Solutions for Smart City and Logistics (Photo: Business Wire).

Occupational safety and increased efficiency

3D LiDAR sensors from Quanergy can prevent collisions between vehicles and people, one of the warehouse’s most significant safety measures. Quanergy’s Flow Management LiDAR solutions provide 95%+ detection accuracy and identify as well as track objects in all lighting and atmospheric conditions. By using LiDAR sensors, either as stationary installations or in combination with vehicle-mounted computers, logistics companies can provide a safer working environment for their employees. LiDAR and edge servers can provide perimeter protection for valuable goods and locations and lead to significant efficiency gains.

Zero PII Risk, GDPR compliant people counting

In the wake of COVID-19, many regions hold retailers and mall operators accountable for keeping the record of the number of visitors (customers) and their behavior. Because LiDAR solutions don’t use facial recognition technology nor require opt-in by users, Advantech together with Quanergy can guarantee the anonymity of people and provide GDPR compliant solutions for people counting and tracking, occupancy and distance monitoring.

In close cooperation

10 Insights From Microsoft’s Latest IoT Signals Report

  • One in three enterprises is increasing their investments in IoT as a result of Covid-19.
  • 79% of enterprises adopting IoT see AI as either a core or a secondary component of their strategy.
  • 97% have security concerns when adopting IoT, with network-level security being most important (43%), followed by device track & management and endpoint security (both 38%).
  • Businesses adopting IoT believe they’ll see a 30% ROI on their IoT projects.

These and many other insights are from Microsoft’s IoT Signals Report, Edition 2, published on October 2nd. IoT Signals is published annually to provide Microsoft partners, customers and business leaders the insights and market intelligence they need to develop and launch IoT strategies.

This year, Microsoft commissioned the Hypothesis Group, an insights, design  and strategy agency to execute the IoT Signals Edition 2 research. More than 3,000 IoT decision-makers in enterprise organizations across the US, UK, Germany, France, China and Japan currently involved in IoT were interviewed. Please see page 4 for additional details on the methodology.

The top 10 key insights from Microsoft’s IoT Signals Report, Edition 2 include the following:

  • Enterprises’ IoT adoption surged in the last year from 85% to 91%. The survey found that 83% of adopters have at least one project that has achieved the use stage, which is 9% better than last year. Hypothesis Group and Microsoft found that IoT projects fall into four stages: learn, trial/POC, purchase and use. The study points out that more projects are in the purchase and use stages this year, with

Pandemic accelerated the adoption and sophistication of IoT technology

The enterprise is finding its digital capabilities have been put to the test amid the coronavirus crisis, and a new report from Vodafone Business shows IoT’s significant impact.

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Image: iStock

When it became apparent to Americans that our only recourse in dealing with COVID-19 was to isolate, as well as work and learn remotely, businesses were finding their digital capabilities tested. The response? The Internet of Things (IoT)  is vital to the success of US businesses (92%), according to a new report, 2020 IoT Spotlight from the communications company Vodafone Business.

During the pandemic, the report showed, 84% of IoT-adopter businesses in the US increased the pace of their IoT projects, 76% of US businesses considering IoT agreed COVID-19 accelerated adoption plans, and 79% of US businesses launched new IoT projects as a result of the crisis.

Vodafone queried 1,639 companies to unveil the positive effects that IoT has had on their businesses, and the resilient strategies they’re building with tech to survive and thrive.

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Key IoT business benefits

  • Achieve sustainability goals: 84% use IoT to fundamentally improve their environmental sustainability.
  • Improve productivity: 73% of mature IoT adopters have seen a significant return on Investment from IoT: 84% felt IoT was a key factor in maintaining their businesses during the pandemic, and 55% saw operating costs decrease by 21%.
  • Support business continuity: 84% of IoT adopters feel IoT has ensured business continuity.
  • Drive innovation: 95% of respondents saw a positive return on investment, primarily in two areas, improving operational efficiency and creating new and connected products and services.
  • Business success: 87% said IoT is critical for future success, and 49% said it boosted employee productivity.
  • Improve customer experience:  59%

IoT Is Vital for Our Future Success, Say 87% of Businesses

Vodafone Business today launches its 2020 IoT Spotlight report, focused on the impact IoT is having on businesses at a time when their digital capabilities are put to the test by the COVID-19 pandemic.

The IoT Spotlight features responses from 1,639 businesses globally, exploring how they are using IoT and how IoT is helping them be ready for the future.

During the COVID-19 crisis, IoT has made the difference

The COVID-19 pandemic has forced almost all businesses to change their working practices and priorities in a matter of weeks, with the findings showing 77% of adopters increased the pace of IoT projects during this time.

Adopters clearly believe IoT was vital to keep them going: 84% said the technology was key to maintaining business continuity during the pandemic. As a result, the majority of adopters (84%) now view the integration of IoT devices with workers as a higher priority and 73% of businesses considering IoT agree the pandemic will accelerate their adoption plans.

IoT is key to improving business performance

The research findings are clear: IoT continues to generate value and ROI for adopters and 87% agree their core business strategy has changed for the better as a result of adopting IoT.

Almost all (95%) say they have achieved a return on investment and 55% of adopters have seen operating costs decrease by an average of 21%.

From improving operational efficiency to creating new connected products and services, key benefits of IoT deployments include boosted employee productivity (49%) and improved customer experience (59%).

Data is the key to future readiness

You can’t manage what you can’t measure. IoT data is becoming essential to support businesses’ decision-making (59%) and the majority of adopters (84%) think they can do things

Semiconductor Foundry Market|Increasing Demand For IoT to Boost the Market Growth

Technavio has been monitoring the semiconductor foundry market and it is poised to grow by USD 26.47 bn during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200929005787/en/

Technavio has announced its latest market research report titled Global Semiconductor Foundry Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What are the major trends in the market?
    Growing demand of 14-nm/16-nm FinFET technology is a major trend driving the growth of the market.

  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at 6.76% and the incremental growth of the market is anticipated to be $ 26.47 bn.

  • Who are the top players in the market?
    Fujitsu Ltd., GLOBALFOUNDRIES, NXP Semiconductors NV, ON Semiconductor Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Semiconductor Manufacturing International Corp., STMicroelectronics International NV, Taiwan Semiconductor Manufacturing Company Ltd., and United Microelectronics Corp., are some of the major market participants.

  • What is the key market driver?
    The increasing demand for IoT is one of the major factors driving the market.

  • How big is the North America market?
    The North America region will contribute 40% of the market share.

     

The market is fragmented,