Verizon Business appoints TJ Fox as SVP of IIoT and automotive

Verizon Business has announced the appointment of TJ Fox as the company’s new senior vice president of IIoT (Industrial Internet of Things) and automotive.

Fox previously served as SVP and president of Verizon Business Markets but will now be responsible for leading the company’s connected vehicle, device, and industrial equipment strategies.

Sampath Sowmyanarayan, Chief Revenue Officer at Verizon Business, said:

“In naming a leader who can catalyse...

Enea 5G MicroCore for enterprises aims to support Industry 4.0 initiatives

Enea has launched 5G MicroCore for enterprises, a complete and interoperable solution for businesses using private 5G networks for Industry 4.0 purposes.

Industry 4.0 combines emerging technologies such as the IoT, AI, edge, and cloud computing to once again revolutionise traditional industries such as manufacturing. Private 5G networks are key to unlocking Industry 4.0’s potential.

Leo Gergs, Research Analyst for 5G Markets at ABI Research, said:

“As...

Verizon expands its Hyper Precision Location service to over 100 US markets

Verizon has announced the expansion of its Hyper Precision Location (HPL) service to cover over 100 major US markets.

HPL is a SaaS (Software-as-a-Service) offering that boosts the accuracy of location data from metres to centimetres—delivering GNSS correction data in real-time and at scale.

TJ Fox, SVP of Industrial IoT and Automotive at Verizon Business, said:

“Hyper Precise Location stands to boost or enable next-gen technologies across industries, from...

Bentley Systems uses NVIDIA Omniverse to create real-time digital twins

Infrastructure engineering software giant Bentley Systems has announced that it’s using NVIDIA Omniverse to create real-time digital twins.

Omniverse is enabling Bentley Systems to create photorealistic digital twins of its massive-scale industrial and civil infrastructure projects. The digital twins provide real-time visualisation and simulation of the projects.

Greg Bentley, CEO of Bentley Systems, said:

“Visualisation and simulation underpin many of the...

Robotics4EU wants input to guide Europe’s robot future

A three-year EU project funded by the Horizon 2020 programme called Robotics4EU wants input from the community to guide Europe’s robot future.

Robotics4EU aims to boost the adoption of robotics in Europe across a continent that is becoming increasingly sceptical of autonomous systems.

The initiative has released two surveys aimed at different stakeholders:

Robotics development community: https://www.research.net/r/3VQ6VXLPolicy and decision-makers:...

World Economic Forum designates Ericsson smart factory a ‘Global Lighthouse’

Ericsson’s 5G smart factory in Lewisville, Texas has received a valuable commendation from the World Economic Forum (WEF).

WEF gave the factory its “Global Lighthouse” award in recognition of the site being a global leader in the Fourth Industrial Revolution (4IR).

The smart factory has achieved 120 percent improved output per employee and a 65 percent reduction in manual material handling through the deployment of automation technologies.

Fredrik...

Featured: IoT News’ list of innovative companies to watch in 2021

IoT technologies will be key to not just rebuilding our industries, economies, and societies from the pandemic—but making them better than ever before.

It’s well-known that disasters often lead to the biggest advancements. Innovations that would normally take years to receive the necessary funding and overcome legal hurdles can be deployed far more quickly during, and in the aftermath of, a crisis.

Governments and investors are looking for companies with technologies...

Research: Higher robot densities linked to increased productivity

Research has found a link between higher densities of robots in a population and increased levels of productivity.

The study – conducted by supply chain specialists Balloon One – analysed countries with similar levels of manufacturing output and looked at their densities of robots and GDP per hours worked.

The UK, in particular, is falling behind in robot density:

(Credit: Balloon One)

The UK is the glaring example here but, aside from some...

Amnesia:33 vulnerabilities put millions of IoT devices at risk

A new series of vulnerabilities dubbed Amnesia:33 puts millions of IoT devices at risk of being compromised.

Security researchers from Forescout disclosed the 33 vulnerabilities today. The flaws are found in four open-source TCP/IP libraries used in the firmware of products from over 150 vendors.

According to the researchers’ estimates, millions of consumer and enterprise IoT devices are at risk from Amnesia:33 vulnerabilities.

The affected libraries are uIP,...

WEF: Inequality likely to worsen as robots set to do half of work by 2025

A report from the World Economic Forum (WEF) predicts that robots will do half of all work tasks by 2025, with inequality likely to worsen as a result.

Concerns about the impact of automation on jobs are not exactly new, but most felt the timeline for significant change would be longer – providing more time for mass reskilling of the workforce.

The pandemic we find ourselves in is creating “a double disruption of jobs” with businesses reducing their employees while...