Actelis Awarded Order for Multi-Gigabit Hybrid Fiber-Copper IoT Devices in Washington’s Everett – The Fast Mode

Actelis Networks, provider of cyber-hardened, rapid deployment networking solutions for IoT applications, announced that it has delivered a new order for multi-gigabit hybrid fiber-copper networking devices to help support the City of Everett’s growing intelligent traffic management network. Actelis collaborated on this project with its trusted ITS channel partner, Western Systems, who works with the city’s traffic engineering department on traffic device deployments.

Everett, the seventh largest city in Washington State, has a Transportation Modernization Program covering a host of planned improvements, many of which focus on transportation safety and smart traffic enhancements. Actelis’ integrated hybrid fiber-copper networking platform helps Everett to advance their traffic management and safety initiatives by enabling and extending secure, fiber-grade connectivity at traffic intersections with deployment in just hours. 

Actelis’ ML684D, a part of the company’s MetaLight product family, are weather hardened, multi-gigabit network switches that transport critical traffic related information to the city traffic operations center. The MetaLight products are integrated into Actelis’ encrypted Element Management Software (EMS) providing cities with the ability to automatically configure and quickly deploy Actelis’ advanced networking building blocks throughout their network. 

Tuvia Barlev, Chairman and CEO, Actelis

We are very appreciative of the City of Everett’s and Western Systems’ confidence in our solutions. We look forward to working with their teams to provide the tools needed to effectively manage traffic around the city while achieving all safety goals.

AIDA Engineering harnesses IoT for metalworking transformation – Autocar Professional

AIDA Engineering, a trailblazer in metal forming, is revolutionising the industry through the strategic incorporation of Internet of Things (IoT) technologies. As the manufacturing sector grapples with challenges such as a diminishing workforce and an aging skilled labor pool, AIDA leverages Digital Transformation (DX) technologies, including AI and real-time monitoring, to enhance efficiency, quality control, safety, and maintenance.

Challenges and Solutions

With a declining number of young workers and an aging skilled workforce, AIDA addresses these challenges by utilising DX technologies. Real-time monitoring of operational conditions and AI-driven identification of potential issues reduce the burden on operators, ensuring stable operations independent of individual workers’ experience levels.

AIDA continually enhances corporate value by leveraging its unique technologies and product development capabilities accrued over a century as a press forming pioneer. The company provides comprehensive solutions, including auxiliary equipment, forming methodology development, and after-sales services.

Technological Advancements

As an expert in press forming systems, AIDA boasts a century-long legacy of developing optimal press lines. Pioneering innovations include the world’s first direct-drive servo press, transforming press forming systems. AIDA’s technological and product development capabilities are further enhanced by customising press solutions according to clients’ needs and internalising the production of critical components.

Comprehensive Solutions

AIDA optimises production lines by offering comprehensive solutions covering press machines, auxiliary equipment, and forming methodology development. Acknowledging the increasing sophistication and diversity of manufacturing sites, AIDA recommends holistic press forming systems, auxiliary equipment, and forming methodology development to address diverse challenges.

IoT-Powered Service and Support

AIDA maximises IoT’s advantages for both equipment and after-sales support. The company emphasises preventive maintenance through its IoT system, Aicare, enabling metalworking companies to predict potential machine failures based on usage and condition. This proactive approach reduces unplanned downtime and enhances overall equipment effectiveness.

AI Integration in Control Systems

AIDA’s latest DSF-N2-4000A series servo control system incorporates advanced AI for easy servo motion setting, seamless press and peripheral equipment operations, fault detection, real-time monitoring, and AI predictive failure detections. The system ensures operators can efficiently manage press equipment, contributing to operational excellence.

Debut at IMTEX 2024

AIDA is set to unveil its cutting-edge DSF-N2-4000A series servo control system at IMTEX 2024 in Bangalore, India, from January 19-23, 2024. This debut marks an exciting opportunity for industry professionals to witness groundbreaking technology in action for the first time in India.

As AIDA Engineering continues to lead the way in embracing IoT in metalworking, the transformative leap towards greater efficiency, precision, and competitiveness underscores the industry’s need to adopt IoT as a strategic advantage. By harnessing real-time data, predictive analytics, and remote monitoring, AIDA empowers metalworking companies to optimise processes and thrive in an increasingly connected and data-driven manufacturing landscape.

USD 32.5 Billion Narrowband-Internet of Things (NB-IoT) Market reach by 2031 | top players such as – Intel,… – WhaTech Technology and Markets News

Increasing adoption of IoT along with better battery life for connected devices and winding applications of NB-IoT technology is boosting the growth of the narrowband-internet of things (NB-IoT) market. In addition, the rapid development in IoT industry and rising demand for new cellular communication technology is positively impacting the growth of the narrowband-internet of things (NB-IoT) market. Increasing investments by technology companies and telecommunications service providers is expected to offer remunerative opportunities for the expansion of the narrowband-internet of things (NB-IoT) market during the forecast period.

According to the report published by Allied Market Research “The USD 32.5 Billion Narrowband-Internet of Things (NB-IoT) Market Reach  by 2031 | Top Players such as – Intel, MediaTek and Verizon.” These players have adopted different strategies such as new product launches collaborations expansion joint ventures agreements and others to increase their market share and maintain dominant shares in different regions.

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The narrowband-internet of things industry is segmented on the basis of by component, deployment mode, application, industry vertical and region. On the basis of the component, the market is categorized into solution, and service. By deployment mode, it is classified into in-band, guard band, and standalone. By application, it is divided into smart meter, smart parking, alarm and detector, smart lighting, tracker, wearable, and, others. By industry vertical, it is classified into infrastructure, agriculture, automotive, healthcare, energy and utilities, manufacturing, consumer electronics, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

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By component, the solution segment held the largest share in 2021, garnering nearly three-fourths of the global narrowband internet of things (NB-IoT) market revenue, and is projected to maintain its dominance by 2031. The service segment shows the fastest CAGR of 49.9% during the forecast period. This is driven by improving network efficiency, increasing the capacity to support a massive number of new connections using only a portion of the available spectrum.

By deployment mode, the standalone segment contributed to more than two-thirds of the global narrowband internet of things (NB-IoT) market share in 2021 and is projected to rule the roost by 2031. The same segment would also display the fastest CAGR of 50.3% throughout the forecast period. The surge in demand for IoT devices and providing energy-efficient and long-range network access to IoT devices fuel the segment growth.

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By region, North America held the major share in 2021, garnering more than three-fifths of the global narrowband internet of things (NB-IoT) market revenue, and is expected to dominate by 2031. This is due to the presence of various leading device manufacturers and network service providers in the U.S. and other major regions across North America. Asia-Pacific, on the other hand, would showcase the fastest CAGR of 46.4% from 2022 to 2031.

The key players that operate in the narrowband-internet of things industry are Huawei Technologies Co., Ltd., Intel Corporation, MediaTek Inc, Verizon Communications Inc., Vodafone Group plc, AT&T Inc., Nokia Corporation, Orange S.A., Qualcomm Technologies, Inc., and Telefonaktiebolaget LM Ericsson.

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Covid-19 scenario

● The COVID-19 pandemic has rapidly spread globally and has negatively impacted the growth of the market due to the disruption in the production of IoT devices. Governments have imposed restrictions which in turn disrupted the supply chain of the narrowband internet of things (NB-IoT) market.

● However, rise in number of people staying at home has boosted the demand for rapid Internet connectivity owing to which there has been a substantial increase in data usage propelling the demand for the narrowband-IoT market during the pandemic.

Thanks for reading this article you can also get individual chapter-wise sections or region-wise report versions like North America Europe or Asia.

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Exploring the Future of Quantum Computing and Semiconductor Technology – IoT Business News

The technological landscape is on the cusp of a revolution with advancements in quantum computing and semiconductor technology. Quantum computing promises to surpass the capabilities of classical computing, offering unprecedented processing power, while semiconductor technology continues to be the backbone of modern electronics.

This article explores the future trajectory of these two pivotal technologies and how their evolution might shape our world.

Quantum Computing: The Next Frontier

Quantum computing operates on the principles of quantum mechanics, utilizing qubits instead of classical bits. Unlike bits, which are binary, qubits can exist in multiple states simultaneously, a phenomenon known as superposition. This, coupled with entanglement, another quantum feature, allows quantum computers to process vast amounts of data at speeds unattainable by traditional computers.

  • Advancements in Quantum Technology: Recent years have seen significant advancements in quantum computing, with companies like Google, IBM, and startups delving into quantum processor development. The goal is to achieve ‘quantum supremacy’, where quantum computers perform computations that are practically impossible for classical computers.
  • Quantum Algorithms and Applications: Quantum computing is particularly promising in fields requiring complex computation, such as cryptography, drug discovery, and climate modeling. Quantum algorithms, capable of solving specific problems faster than their classical counterparts, are under active development.

Semiconductor Technology: The Core of Electronics

Semiconductors, materials with electrical conductivity between conductors and insulators, are essential in modern electronics. Semiconductor technology has primarily followed Moore’s Law, predicting a doubling of transistors on a microchip every two years, leading to smaller, more powerful, and less expensive devices. As we delve deeper into this realm, it’s becoming crucial to buy capacitors and other essential electronic components that are quantum-ready.

  • Advancements in Semiconductor Manufacturing: The industry is moving towards smaller nanometer fabrication processes, with 5nm and 3nm chips already in production. This miniaturization allows for more transistors on a chip, enhancing performance and energy efficiency.
  • New Materials and Designs: Beyond silicon, materials like graphene and silicon carbide are being explored for their superior properties. Additionally, new chip architectures, such as 3D stacking, are being developed to overcome the limitations of traditional planar designs.

Convergence of Quantum Computing and Semiconductor Technology

The intersection of quantum computing and semiconductor technology is an area of intense research and investment.

  • Quantum Chips and Materials: Quantum computers require specialized quantum chips, often made from materials like superconducting circuits or trapped ions. As semiconductor technology advances, it paves the way for more efficient and scalable quantum chips.
  • Hybrid Systems: In the near term, hybrid systems combining classical semiconductor-based processors with quantum processors are likely to be prevalent. These systems can leverage the strengths of both technologies for specific applications.

Challenges and Opportunities

Both fields face significant challenges but also present immense opportunities.

  • Quantum Computing Challenges: Quantum computing is still in its nascent stages, grappling with issues like qubit stability (coherence), error rates, and scalability.
  • Semiconductor Challenges: For semiconductor technology, continued miniaturization poses physical and technical challenges, including heat dissipation and quantum tunneling at extremely small scales.
  • Opportunities for Synergy: Research in both fields can benefit each other. Advances in semiconductor technology could lead to more stable and scalable quantum computers, while quantum computing could potentially solve complex problems in semiconductor design and materials science.

The Future Outlook

The future of quantum computing and semiconductor technology is brimming with possibilities.

  • Quantum Computing: As quantum computing matures, it is expected to have a transformative impact across various sectors, potentially solving problems that are currently intractable.
  • Semiconductor Technology: The future of semiconductor technology lies in not just continuing miniaturization but also in exploring new materials and architectures to keep pace with the growing demand for computing power.
  • Collaborative Innovations: Collaborations between academia, industry, and government agencies are crucial for driving innovations in both fields. Such collaborations can accelerate research, development, and the eventual commercialization of these technologies.


The future of quantum computing and semiconductor technology is an exciting and dynamic field, poised to redefine the technological landscape. While challenges remain, the potential for groundbreaking advancements and applications is vast. As these technologies evolve, they will likely open up new horizons in computing, impacting a wide range of fields from material science to artificial intelligence and beyond. The journey towards this future is an interplay of innovation, collaboration, and a continuous quest for pushing the boundaries of what is possible.

The installed base of fleet management systems in Europe will reach 26.5 million by 2027 – IoT Business News

The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 14.8 million at the end of 2022, according to a new research report from the IoT analyst firm Berg Insight.

Growing at a compound annual growth rate (CAGR) of 12.4 percent, this number is expected to reach 26.5 million by 2027. The top-38 vendors have today more than 100,000 active units in Europe.

Berg Insight ranks Targa Telematics as the largest player in terms of active installed base with around 710,000 units at year-end 2022. Weebfleet’s subscriber base has grown both organically and by acquisitions during the past years and the company holds the position as the second largest provider of fleet management solutions on the European market and reached an installed base of about 680,000 units. Verizon Connect is in third place and had achieved an installed base of an estimated 490,000 units at the year-end. Calamp and Radius Telematics follow and have reached 400,000 units and 382,000 units respectively. Scania, ABAX, Gurtam, Bornemann and AddSecure Smart Transport are also ranked among the ten largest providers with 250,000–380,000 units each. Some notable players just outside of the top ten list are MICHELIN Connected Fleet, Geotab, Transics, Quartix, Eurowag Telematics, Viasat, Linqo, Microlise, Daimler Truck, Océan (Orange), Volvo, Macnil, GSGroup, RAM Tracking, MAN, Cartrack, Fleet Complete, Trimble, Optimum Automotive, Shiftmove, AROBS Transilvania Software, Inseego, Infobric Fleet and Mapon. The HCV manufacturers are now growing their subscriber bases considerably thanks to standard line fitment of fleet management solutions. Dynafleet by Volvo, FleetBoard by Daimler Truck and Scania Fleet Management are the most successful with active subscriber bases of 162,000 units, 170,000 units and 379,000 units in Europe respectively at the end of 2022.

graphic: installed base active fleet management units EU 2021-2027

The consolidation trend on this market continued in 2023.

Johan Fagerberg, Principal Analyst, said:

“Seven mergers and acquisitions have taken place so far this year among the vendors of fleet management systems in Europe”

In January, Coyote became majority owner of Ubiwan (51 percent). After the change in ownership, the fleet management business of Coyote has now become part of the Ubiwan business. In the same month, Vimcar and Avrios were acquired by Battery Ventures and consequently merged, resulting in a new company called Shiftmove. In February, private equity firm Idico acquired a majority stake in Simpliciti. In May, Targa Telematics acquired Viasat Group. The new larger group will have offices in eight key European countries: Italy, Portugal, Spain, France, the UK, Belgium, Poland and Romania. Mapon acquired CarCops based in Estonia in the same month which will expand the business in the country considerably. Addsecure Smart Transport acquired in October the Clifford Group which includes Traxgo, a Belgium-based company offering systems for tracking of vehicles, machines and equipment. Finally, Powerfleet and MiX Telematics announced in October an agreement to form a combined business which will be branded as Powerfleet. The transaction is expected to close in Q1-2024. Mr. Fagerberg anticipates that the market consolidation of the still overcrowded industry will continue in 2024.

IoT Monetization Market Anticipated to Register a Valuation of $25.1 Trillion by 2032, Indicates By AMR – EIN News

iot-monetization-market-1685593790 (1)

Connectivity expansion, data-driven insights, demand for efficient operations, and innovative business models propel IoT monetization market.

PORTLAND, ORIGON, UNITED STATES, December 9, 2023 / — Upsurge in the number of smart cities projected and connected cars, increase in adoption of IoT monetization in agriculture, and significant adoption of smart devices such as tablets and smartphones drive the growth of the market. However, lack of IoT standards across platforms and rise in privacy as well as security concerns restrain the market growth. Conversely, growing investments in the IoT monetization market create new opportunities for the growth of the market.

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The solution segment held the largest market share of 68.5% in 2017 and is expected to remain dominant throughout the forecast period. This is attributed to the increased use of IoT monetization solutions among organizations. However, the services segment would grow at the highest CAGR of 55.3% from 2018 to 2025, owing to the growing adoption of cloud-based IoT monetization service among small and medium enterprises.

The large enterprises segment contributed 60.7% of the total market share in 2017 and would maintain its dominance through 2025. This is on account of the high adoption of IoT monetization tools in large-scale organizations. However, the small & medium sized enterprises segment would grow at the fastest CAGR 54.5% from 2018 to 2025 due to the growing adoption of IoT monetization solutions and increasing inclination toward cloud-based IoT monetization tools.

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The manufacturing segment generated the highest share of 28.2% in 2017 and is projected to continue this trend during the forecast period. This is due to the numerous benefits offered by IoT monetization solutions to the manufacturing industry, which include streamlined operations, reduced cost, improved customer acquisition and retention, and new sources of revenue from the insights generated by instrumented products and product development processes. However, the healthcare division is anticipated to grow at the fastest CAGR of 60.6% during the study period, due to the high adoption of IoT in the healthcare sector. The report also analyzes various industry verticals such as retail, IT & telecom, transportation & logistics, BFSI, energy & utilities, and others.

North America contributed 42.0% of the total market share in 2017 and is expected to maintain its lion’s share during the forecast period. This is due to stringent regulations by governments in countries such as China and Japan and strict compliance to safety rules. However, Asia-Pacific would emerge as the fastest CAGR of 57.1% from 2018 to 2025 due to the growing penetration of IoT in the automotive and transportation industries in the region.

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Key Market Players:

► General Electric Co.

► Intel Corporation

► Microsoft Corporation.


► Thales Group

► IBM Corporation

► Oracle Corporation

► Telefonaktiebolaget LM Ericsson

► Cisco Systems, Inc.

► Amdocs, Inc.

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Similar Report:

1. Europe IoT Monetization Market

2. U.S. IoT Monetization Market

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The Evolution of Cybersecurity in the Age of IoT and Cloud Computing – ReadWrite

The widespread spread of the Internet of Things (IoT) and cloud computing has become obvious in this continually developing tech world. Everyone is embracing the potential of these transformative technologies to improve daily life activities.

Let’s take a look at the advantages and difficulties that come with the prevalent adoption of IoT and cloud computing, revealing insights into the dynamics of modern digital connectivity.

The Rise of IoT

IoT has changed how the world interacts. It has smoothly integrated into almost every aspect of our daily lives, from smart homes and wearable devices to autonomous vehicles and industrial sensors. However, this has also paved the way for cyber threats. There has been a larger avenue for threat actors due to the magnitude of interconnected devices, making traditional measures incompetent.

Cybersecurity has started concentrating on data encryption, device-level security, and robust authentication mechanisms to address security challenges. Presently, manufacturers emphasize that security is incorporated into the plan of IoT devices from the onset. This includes executing secure boot processes, regular firmware updates, and traceability and accountability enhancement using unique devices.

Cloud Computing’s Universality

Business operations have changed from traditional on-premises infrastructure to scalable and flexible cloud-based solutions since the advent of cloud computing. According to Statista, the worldwide public cloud computing market was worth 478 billion dollars in 2022 and is estimated to reach 679 billion dollars in 2024. That’s a whopping 201 billion increase in the space of 2years.

Although Cloud computing brings evident benefits such as availability and cost savings, it also has cyber security challenges. Cloud services are centralized in nature; which implies that a breach could expose a tremendous amount of sensitive data. To tackle these threats, advanced cybersecurity measures focus on data encryption, multi-factor authentication, and strong access controls.

Cloud service providers now invest greatly in advanced security measures, like real-time monitoring, threat intelligence, and automated incident response systems. The shared responsibility model emphasizes the collaboration between cloud providers and their clients –  which has become a foundation of cybersecurity to ensure a comprehensive security posture.

Confluence of IoT and Cloud Computing

The merging of IoT and Cloud Computing has created a mutual relationship that increases both the risks and benefits. The cloud provides the necessary infrastructure for storing, processing, and analyzing the vast amount of data produced by IoT devices. Even so, this connection also presents a complex security landscape.

In the end, cybersecurity aims to create a consistent and secure data flow, so it has evolved to provide end-to-end protection that involves securing the communication channels between devices and the cloud.

For the benefit of the IoT and Cloud Computing ecosystem, cybersecurity solutions apply improved identity and access management and use AI for anomaly detection and to predict threat analysis.

Challenges in the Changing Landscape

Despite the developments in cybersecurity, there are difficulties in the changing landscape of IoT and Cloud Computing.

Different IoT devices each have its own specifications and security protocols, which is a major challenge. In security practices across the industry, standardization is vital for guaranteeing a uniform and robust security posture.

The ever-changing nature of cyber threats is another challenge. As technology changes, so do the techniques employed by cybercriminals; they keep finding new ways to breach security. Cybersecurity Ventures states that global cybercrime costs will grow by 15 percent annually over the next five years, from $3 trillion in 2015 to reaching $10.5 trillion year-over-year by 2025.

Cybersecurity measures need continuous monitoring, regular updates, and joint effort between cybersecurity experts, device manufacturers, and network security providers  – to remain dynamic and versatile in front of rising threats.

The Human Factor

The human factor is an essential component of cybersecurity. While the focus is on technological solutions, users must also be educated on the risks and best practices for maintaining a secure digital environment.

Ransomware attacks, insider threats, and phishing attacks are major concerns. Phishing email statistics show that 1.2 percent of all emails sent are malicious, which translates into 3.4 billion phishing emails daily.

Education and awareness programs are very important. People should be taught to recognize and report these threats, attend cybersecurity forums and events, and they should stay informed about safe online practices, including using strong passwords or password managers.

Also, organizations must hold regular training sessions and conduct strict cybersecurity policies to keep employees informed on the most recent cyber threats and precautions. According to Cybersecurity Ventures, in 2023, global spending on security awareness training for employees is up from around $5.6 billion and is predicted to exceed $10 billion by 2027 – a whole 15 percent yearly increase.

The Future of Cybersecurity

As the world relies on digital networks daily, there is a need to strengthen and improve cybersecurity. Marsh’s U.S. Cyber Purchasing Trends report states that during the first quarter of 2023, insurance for cyber security pricing increased by 11 percent in the U.S. compared to 28 percent in 2022, and the cost is still on the rise.

The future of cybersecurity will be shaped by technologies such as artificial intelligence (AI) – which has an important role to play in threat detection and solutions, quantum computing which might present new decryption challenges and solutions, and 5G networks.

Although the spread of 5G networks will result in faster speed and connectivity, it can also give way to cyber threats. Therefore, getting the right foundation of 5G networks on vital systems and services is necessary to get ahead of attacks.


The evolution of cybersecurity is a continuous ride and is constantly changing. With the emergence and merging of technologies like IoT and Cloud Computing, there has been an increase in the risks of cyber threats, and cybercriminals find new ways to breach security daily.

Managing these challenges requires teamwork and an extensive security strategy. This strategy should aim to improve the digital ecosystem’s connection and make the digital future secure. It should also involve education, regular monitoring, a combination of all the latest technologies, and the creation of cybersecurity awareness.

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SparkFun Updates a Classic with the Compact New ESP32 Qwiic Pro Mini IoT Development Board –

SparkFun has announced a new development board which puts a modern twist on a classic footprint: the ESP32 Qwiic Pro Mini, powered by an Espressif ESP32-PICO-MINI-N8R2 module.

“This super small IoT [Internet of Things] development board is a fantastic option for those who need an embedded system where space and weight are restricted,” SparkFun’s Chris McCarty claims of the new board. “Best of all, utilizing our handy Qwiic system, no soldering is required to connect this Pro Mini to the rest of your system.”

The board is designed to mimic the dimensions of the Arduino Pro Mini and compatibles, though rather than using an eight-bit AVR microcontroller it packs an Espressif ESP32 module — giving it a 32-bit dual-core Tensilica Xtensa LX6 processor, 520kB of static RAM (SRAM), 2MB of pseudo-static RAM (PSRAM), 8MB of SPI flash, and an additional 16kB of SRAM in the on-board real-time clock (RTC).

SparkFun is refreshing a classic of the compact development board world with its new ESP32 Qwiic Pro Mini. (📹: SparkFun)

Aimed at the IoT, the new board includes single-band IEEE 802.11b/g/n Wi-Fi with data rates up to 150Mb/s, Bluetooth 4.2 with Bluetooth Low Energy (BLE), and peripherals including both analog to digital converter (ADC) and digital to analog converter (DAC), capacitive touch detection, pulse-width modulation, TWAI support, an Ethernet MAC, and UART, SPI, SDIO, I2C, and I2S buses.

In a final twist on the desk, the board also includes Qwiic port for solderless connection to compatible sensor boards and other add-on hardware — positioned at a 90-degree angle to the board itself, so as not to spoil the compact footprint with cabling.

The ESP32 Qwiic Pro Mini is now available on the SparkFun store at $9.95 before volume pricing; more information is available in the board’s hookup guide.

IOT Stock: Samsara Is IPO Stock Of The Week After Powerful Breakout – Investor’s Business Daily

IPO Stock Of The Week Samsara (IOT) is one of IBD’s best stocks to buy and watch after a strong breakout. IOT stock is on IBD’s IPO Leaders screen.


Samsara provides sensors and cloud-based software to manage vehicle fleets and industrial operations. Further, its “Internet of Things” platform provides global positioning tracking for trucks, and monitors routes and vehicle performance.

In-cab, dual-facing cameras provide real-time video streaming. Also, artificial intelligence software at cloud data centers detects high-risk behavior, such as distracted driving and lane departure.

More recently, Samsara has targeted another market — monitoring industrial equipment and government operations with its Internet of Things platform. Samsara IoT data sensors and video cameras monitor activity at construction sites and factory floors.

Results Beat Expectations

On Nov. 30, Samsara reported third-quarter earnings and revenue that topped Wall Street targets while the company’s sales outlook came in above expectations.

For the quarter ended Oct. 31, San Francisco-based Samsara reported profit of 4 cents per share on an adjusted basis vs. a 2-cent loss a year earlier. Meanwhile, revenue rose 40% to $237.5 million, the company said. Analysts expected Samsara to record a 1-cent profit on sales of $224.7 million.

IOT stock boasts a solid 95 IBD Composite Rating out of a best-possible 99. Its recent gains make it a top IPO stock to buy and watch.

IOT Stock Breaks Out

Shares are breaking out past a 32.41 buy point in a cup base, according to IBD MarketSmith chart analysis. Shares are in their 5% buy area that tops out at 34.03.

Since bottoming on Nov. 1, IOT stock has rallied as much as 68% to this week’s highs. That shows big institutional demand.

Meanwhile, the relative strength line shot to new highs on the Dec. 1 breakout day. That confirms IOT stock as a market leader.

With the stock market in an uptrend, investors should be looking for the best stocks to buy and watch.

Follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the stock market.


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How the Combination of 5G and IoT is Enhancing AI – OPP.Today

A recent analysis from zScaler reveals that the global number of connected IoT devices is expected to exceed 29 billion2027. This surge in IoT devices is driving the adoption of 5G network technology, which is paving the way for exciting advancements in artificial intelligence (AI). The combination of 5G and IoT is opening new opportunities for innovation and is revolutionizing various industries.

One area where the impact of 5G and IoT on AI is evident is in the development of edge devices. Chipmakers are already working on powerful processors that can deliver AI processing within small devices. For example, Qualcomm has recently introduced AI-capable Snapdragon chips that can run on smartphones and PCs. Additionally, researchers at the University of California San Diego are developing NeuRRAM chips that can accommodate large AI algorithms on smaller devices.

The integration of 5G, IoT, and AI is particularly beneficial in the enterprise and IoT sectors, especially in industries such as healthcare and manufacturing. These industries require faster data transmission and real-time communication. The low latency and faster processing capabilities of 5G, combined with edge architectures, enable applications that require quick decision-making and responsiveness.

In healthcare, for instance, AI-edge-supported medical devices like laparoscopes allow surgeons to leverage real-time insights and make faster decisions, leading to improved patient outcomes. Without the capabilities of 5G and edge computing, such critical IoT use cases would not be possible.

Moreover, the combination of AI and 5G enhances connectivity and enables new immersive experiences. AI has a significant impact on the reliability and efficiency of wireless networks, making it easier to stay connected. The development of the metaverse and other connected ecosystems relies on the convergence of 5G, cloud computing, and edge computing. Edge computing plays a vital role in enabling ultra-low latency and customized support for specific use cases.

Overall, the integration of 5G and IoT is transforming AIenabling real-time data analysis, faster decision-making, and improved connectivity. This combination is vital for industries looking to advance their digital transformation efforts and leverage the power of AI-infused devices. As 5G continues to expand and IoT devices become more pervasive, the possibilities for AI innovation are boundless.