Alchemy IoT launches with $4 million seed funding to ease IIoT via the use of AI

Alchemy IoT has launched with $ 4 million seed funding from Aweida Venture Partners to help make the Industrial Internet of Things (IIoT) easier via the use of AI.

Clarity, Alchemy IoT’s cloud-based application, is said to provide small- to mid-sized industrial customers with better returns on industrial assets by analysing asset performance through unsupervised machine learning and adopting proactive measures to boost productivity of industrial fleets and machinery.

The cellphone-enabled application introduces a novel "no-code" approach to IoT Asset Intelligence that eases the way how fleet management, plant maintenance and manufacturing performance can be enhanced through the use of AI and unsupervised machine learning. Some of the main features of the application are: monitoring of sensor data; AI-based analytics; and sending notifications and alerts about operational anomalies via web browsers, email or within the application.

Victor Perez, CEO for Alchemy IoT, said: "Our mission is to make AI-powered IoT a 'no-code' proposition, one that any industrial company can quickly start and put to use to gain fast value. Too many of today's IoT solutions require a massive budget and an extraordinary amount of customization to even getting started – we aim to disrupt and change that."

Alongside this, the company announced the introduction of a new industry approach "IoT Asset Intelligence” to address the complication and market fragmentation associated with Big Data, IoT and AI.

Talking about IoT Asset Intelligence, Perez said: "IoT Asset Intelligence combines our best thinking into an actionable framework to plan, implement and gain value from AI-based IoT initiatives – especially for smaller organizations that may lack the resources for expensive consultants and data scientists.”

According to Alchemy IoT, visibility and efficiency via a combination of data-driven processes and a renewed culture around innovation and critical thinking are the primary theme of the IoT Asset Intelligence framework.

Some of the core tenets of IoT Asset Intelligence are: leveraging data intelligence to make meaningful business decisions; working with existing tools to optimise and enhance current processes; identifying processes for the purpose of improvement and align new value streams and setting up top-line goals and ROI opportunities.

The most recent figures released by IDC estimate that there will be 30 billion connected devices throughout the world by 2020. Latest from the homepage

KORE Launches KORE Connect in Europe

KORE Launches KORE Connect in Europe

KORE Launches KORE Connect in Europe

Global IoT Solutions Provider Launches KORE Power Solutions in Europe to Expand Business Solutions that Eliminate Outages and Provide Secure Business Continuity.

Today, KORE announced the availability of KORE Connect in Europe. KORE Connect provides a bundled, turnkey solution comprised of secure, managed 4G LTE cellular wireless connectivity, cellular-enabled routers and/or gateways, KORE’s best-in-class connectivity management platform, and 24/7 customer support.

In today’s demanding marketplace, businesses need continuous high-speed network connectivity to keep their operations running and avoid costly Internet outages that negatively impact revenue while eroding customer satisfaction. Cellular wireless technology is a reliable, secure and cost-effective solution for enabling mission-critical applications across multiple industries.

KORE Connect is the flagship product in the KORE Power Solutions suite, a set of offerings that simplify the complex and empower businesses to avoid the common pitfalls associated with IoT implementations. KORE’s bundled offerings combine a strong foundation of reliable, secure, and scalable IoT connectivity with equipment, applications, and professional services to provide businesses with end-to-end, fully-managed IoT solutions.

KORE Connect provides the plug-and-play simplicity businesses demand, and the rapid speed-to-market capability required in the competitive European IoT industry. KORE Connect supports seamless, continuous operations while enhancing customer support and service delivery for both primary and back-up networking needs:

  • Primary connectivity: Delivers a secure wireless alternative for small offices and highly transient organizations; use case examples include food trucks, kiosks, and pop-up stores
  • Back-up networking: Provides immediate failover networking options when the primary connection is disrupted; ideal for businesses such as financial institutions, retail stores and healthcare clinics

“The launch of KORE Connect in Europe further bolsters our wide array of global, purpose-built IoT offerings,” said Elizabeth Elkins, Executive Vice President of Product at KORE.

“With KORE Connect, European businesses can now take advantage of new revenue opportunities, eliminate business continuity risks caused by outages and increase revenue gain, productivity and customer satisfaction.”

The post KORE Launches KORE Connect in Europe appeared first on IoT Business News.

IoT Business News

Microsoft launches public preview of SaaS-delivered IoT Central

Microsoft launches public preview of SaaS IoT Central

Microsoft claims that IoT Central will help companies build IoT applications in hours, without the need to learn new skills. 

Enterprise software giant Microsoft has launched its public preview of IoT software-as-a-service (SaaS) product IoT Central, which it claims will allow companies worldwide to build production-grade IoT applications in hours without the need to manage back-end infrastructure or learn new skills.

Microsoft first unveiled the product back in April as an offering for those businesses that want to roll out IoT in their networks but don’t have in-house expertise. The SaaS product would integrate with Microsoft’s existing Azure IoT Suite, company executives said, helping customers to customize a network, as well as allowing complete control over it.

IoT needs grow

In a blog post, Sam George, director of Azure IoT, suggested that the product lets enterprises scale from a few connected devices to millions as their IoT needs grow.

“Moreover, it removes guesswork thanks to simple and comprehensive pricing that makes it easier for you to plan your IoT investments and achieve your IoT goals,” he said.

From a security perspective, Microsoft IoT Central has privacy features such as role-based access and integration with Azure Active Directory permissions, and from an integration point of view, the SaaS offering will soon be able to integrate with customers’ existing business systems such as Microsoft Dynamics 365, SAP and Salesforce.

Several of Microsoft’s customers have already started building their own applications with Microsoft IoT Central.

“Microsoft’s IoT Central solution helped us pilot in weeks, at minimal cost, a public school environmental monitoring solution that would have taken a year to develop from scratch,” said Jeff Reed, PhD, vice president of the Microsoft Global Alliance at electronics distribution company Arrow Electronics. “School and government officials can now monitor and improve the safety of public spaces without the cost and duration of typical IoT projects.”

Meanwhile Nate Hill, principal architect at medical supplies business Patterson Dental, said that Microsoft IoT Central provides “a highly configurable and intuitive solution to define the criteria needed to monitor and diagnose any variety of connected devices”.

“This in turn equips Patterson service technicians with current and past performance data, allowing them to transition from a reactive stance to one that is proactive and results in higher levels of customer satisfaction,” he said.

Read more: Microsoft delves further into IoT with GLAS smart thermostat

Azure IoT Hub

Microsoft has also announced the availability of Azure IoT Hub Device Provisioning Service.

“Azure IoT Hub Device Provisioning Service enables zero-touch device provisioning and configuration of millions of devices to Azure IoT Hub in a secure and scalable manner,” explained George.

“Device Provisioning Service adds important capabilities that, together with Azure IoT Hub device management, help customers easily manage all stages of the IoT device lifecycle,” he added.

Read more: Microsoft unveils Azure IoT Edge at Build 2017 conference

The post Microsoft launches public preview of SaaS-delivered IoT Central appeared first on Internet of Business.

Internet of Business

TÜV Rheinland Launches Certification Service for LPWAN Technologies Worldwide

TÜV Rheinland Launches Certification Service for LPWAN Technologies Worldwide

TÜV Rheinland Launches Certification Service for LPWAN Technologies Worldwide

Firm Becomes Only Provider to Inspect and Certify LoRa, Sigfox, WiSUN, NB-IoT (Narrowband IoT) and LTE-CATMx Products at Global Scale, Inclusive.

TÜV Rheinland, a leading international testing service provider for quality and safety, today announced availability of global inspection, certification, and market approval services for low-power wide-area networks (LPWAN).

With the announcement, the firm becomes the only global testing service provider to service in its laboratories all relevant LPWAN technologies on the market, including LoRa, Sigfox, WiSUN, NB-IoT (Narrowband IoT) and LTE-CATMx technologies.

LPWAN technology is considered to be a key driver for Internet of Things (IoT) innovation. LPWAN enables energy-efficient transmission of small data volumes over long distances. It is also a crucial prerequisite for connecting ever more static objects to the Internet, economically.

“The technology’s low energy requirement makes it ideal for low-maintenance, battery-operated sensor networks that are used for condition monitoring in all areas of work and everyday life,” said Stefan Kischka, vice president of wireless/internet of things at TÜV Rheinland.

LPWAN modules and chips can be integrated into almost any product and service. They also provide the basis for the development of entirely new business ideas.

“TÜV Rheinland has been heavily involved in developing LPWAN technology ever since it first emerged,” said Andreas Renz, director of global business development, wireless/internet of things at TÜV Rheinland.

“With this announcement, TÜV Rheinland fully stakes its claim as the leading testing provider to serve the entire field of wireless technologies.”

In addition to technology certification services, TÜV Rheinland is a global partner for international market approvals for wireless products, i.e., radio type approvals. Examples include RED, FCC, Japan Radio Law, Korean and many other country-specific approvals.

With this new offering, TÜV Rheinland handles the entire spectrum of wireless communication service needs that any customer may have, regardless of its industry or global location. TÜV Rheinland’s services are comprehensive – spanning consulting services, test solutions, market access analyses for new technologies, and independent tests and certifications.

For more information, visit

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IoT Business News

Apple launches Heart Study to detect problems earlier

Apple and Stanford have teamed up to launch a dedicated app called Heart Study which aims to research and detect potential issues.

The study was first announced back in September but is being rolled out to interested participants today. Using the Apple Watch for heart rate data, all irregularities will be noted and users will be notified of potential issues.

Using this data, the researchers can improve their detection of problems earlier to help prevent serious damage or even death.

In a release, Apple wrote: “AFib (atrial fibrillation), the leading cause of stroke, is responsible for approximately 130,000 deaths and 750,000 hospitalisations in the US every year. Many people don’t experience symptoms, so AFib often goes undiagnosed.”

Anyone in the United States who is at least 22 years old, with an Apple Watch Series 1 or later, can join the study. Unfortunately, the first generation Watch is not supported.

Apple is leading the way in proving smartwatches can make a real impact to people’s lives and health

To calculate heart rate and rhythm, Apple Watch’s sensor uses green LED lights flashing hundreds of times per second and light-sensitive photodiodes to detect the amount of blood flowing through the wrist.

If an irregular heart rhythm is observed, the app will set up a consultation with a Heart Study doctor. This consultation will be used to ensure there are no issues which need resolving and determine why a problem was flagged. Over time, software algorithms will be optimised to reduce false alerts and cause unnecessary concern.

With this study and features like GymKit, Apple is leading the way in proving smartwatches can make a real impact to people’s lives and health rather than just a place to relay users’ notifications.

You can download Heart Study on iOS here.

What are your thoughts on Apple’s heart study? Let us know in the comments. Latest from the homepage