The IoT Sensors Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the IoT sensors market between 2022 and 2027 is USD 27.36 billion. Smart factories and IIoT are gaining traction, which is a primary factor driving the growth of the IoT sensors market. Over the past few years, the demand for smart factories has grown worldwide. The use of the Industrial Internet of Things (IIoT), which integrates smart machines, warehouses, industrial robots, and entire manufacturing plants to achieve business objectives and key performance indicators (KPIs), is anticipated to continue during the forecast period. In factories, a variety of IoT sensors collect and transmit real-time data to enable operators' assistance and relevant ground-based decisions. Sensor data can, among other things, direct machines and robots through processes of production and assembly as well as the handling of toxic chemicals, ensuring the human workforce's safety. Additionally, it shields the machine from harm.

Market Challenge -

• Challenges to offering high quality at low cost may hamper the Internet of Things (IoT) sensors market growth during the forecast period.
• In order to expand their product line, engineers and system developers are constantly looking into new products with improved properties.
• Vendors of industrial sensors must offer industrial sensors that are affordable and easy to customize as the market for industrial automation expands.
• The customization that businesses require to enable accurate and dependable delivery is a major contributor to the high cost of industrial sensors.
• The expense of sensors is diminishing step by step, particularly because of the accessibility of off-the-rack sensor variations that are generally utilized in modern computerization frameworks and gear.

• The IoT sensors market is segmented by End-user (Consumer electronics, Automotive, Food and beverages, Healthcare, and Others), Type (Temperature sensor, Pressure sensor, Humidity sensor, Flow sensor, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). 

  • By End-user, the market share growth by the consumer electronics segment will be significant during the forecast period. The consumer electronics sector makes extensive use of IoT sensors. Manufacturers of consumer electronics are including IoT sensors in their products to improve functionality and increase customer responsiveness. Smartphones, smartwatches, and fitness trackers are a few of the well-known consumer electronics items that utilize IoT sensors. The development of smart homes with interconnected appliances that can be controlled virtually through a mobile application is made possible by the use of IoT sensors in consumer electronics.
  • By Geography, North America is estimated to contribute 40% to the growth of the global market during the forecast period.

Leading-edge technology can supply a notable marketplace advantage. That's why KEYINCODE (KIC) selected KoreLock to develop its electronic Smart Lock Series.

KEYINCODE wanted a cost-effective line of products with multiple lock grades, price points, and the ability to manage locks remotely. The KoreLock turnkey IoT Smart Lock technology platform and advanced security features made it the ideal solution for KEYINCODE's Smart Lock series and customer applications.

What makes the KIC Smart Lock Series different is KoreLock's patented technology platform for controlling a lock's Wi-Fi radio on and off state, delivering advanced intelligence and power savings previously unavailable in the market. KEYINCODE applied  KoreLock's power-saving technology to create new cloud-connected locking devices for commercial and residential uses.

The Challenge

KEYINCODE looked to develop an electronic Smart Lock series of locks using built-in Wi-Fi and Bluetooth for access control. The company was not looking for a "one-size-fits-all" solution. Instead, KEYINCODE wanted a cost-effective, market-leading line of products to enable their customers with the "right size to your specific application," with advanced security features, such as remote access control, activity monitoring, and real-time alerts. The team's goal was to allow property owners to affordably extend access control deeper into buildings beyond traditional wired exterior doors.

The Solution

KoreLock worked with KEYINCODE to design a line of Smart Locks that could perform a variety of doors, including front and main entrance doors, suites and unit entries, conference rooms, common area doors, and IT closets.

The Outcome

KoreLock enabled KEYINCODE to deliver a resource-efficient Smart Lock solution that provides:

• Remote and local management over WIFI and Bluetooth,
• Smart offline functionality,
• Credential flexibility and
• Access control software integration.

Product launches and key innovations revealed at 4th annual event

Vention , the company behind thecloud-based Manufacturing Automation Platform ( MAP ), is pleased to announce the product launches revealed at the 4th edition of the Demo Day.

The annual event spotlights Vention's most cutting-edge products, all designed to support its mission to create a single digital industrial automation environment accessible to all manufacturers. Today, Vention has unveiled a transformative addition to its MAP, a fifth pillar, Operate.

Operar con MachineAnalytics

The introduction of the Operate and MachineAnalytics pillar in MAP now provides users with the essential tools and knowledge necessary to unleash the full potential of their machines: from the initial scoping phases, through design and implementation, to operation. of the machine. Through a unified view in MachineAnalytics, and seamlessly integrated into the MachinePortal dashboard, manufacturers can access critical information about their projects and machines, such as machine availability, uptime, downtime, cycle time and much more. This allows manufacturers to make informed decisions and ensure maximum machine performance throughout its life cycle.

The main functions of MachineAnalytics are:

• Fleet Performance Tracking:  Enables accurate performance tracking by identifying cycle start and end points in MachineLogic programs. The dashboard presents essential metrics such as cycle counts and average cycle times, while historical data analysis identifies trends for proactive optimization, reducing downtime and improving productivity.
  
  
• Fleet Health Monitoring: Monitors the health and health of fleet components, including drives, engines and control modules, and includes access to complete activity logs. MachineAnalytics streamlines the process, providing access to historical and current controller metrics, CPU usage, temperature, memory, disk usage, and drive temperature data.
  
  
• RemoteView: Provides real-time machine visibility from anywhere. Each machine is equipped with a single camera that allows users to remotely access a live video stream within MachineAnalytics so users can view the factory at all times.

Design with MachineBuilder

Vention introduced major updates to its 3D design software, MachineBuilder, at Demo Day 2023. These improvements increased its speed, navigation and user convenience, establishing MachineBuilder as the most accessible industrial automation design solution.

What's new in MachineBuilder include:

• MachineScope integration into MachineBuilder:  Vention optimizes project scope in MachineBuilder, consolidating design requirements into a single, easy-to-use environment and simplifying the organization of information for multiple designs.
  
  
• Connection logic for part placement : Manufacturers now have the ability to select from a curated set of part positions when adding new components to the CAD environment.
  
  
• Panel Studio : Allows you to create custom panels, including complex geometries with various hole types, with the addition of Smart Auto-Panel last year.
  
  
• XL Extrusions: Specific profile designs, including a heavy-duty modular extrusion for 20-30kg cobots, simplify assembly and configuration.

Automatizar con MachineLogic

Vention has introduced an enhanced version of MachineLogic, designed to streamline the programming process for manufacturers.

MachineLogic enhancements include:

• Code-free programming: The interface now offers greater readability, reducing the complexity of the sequences by up to 50%. It simplifies the programming of robots in all brands, unifying the process in a single interface.
  
  
• Python Programming: Vention features native integration with Python, one of the world's most popular programming languages, making machine programming more accessible than ever with pre-built libraries, comprehensive documentation, and examples.
  
  
• Simulation : High-quality software programming and plug-and-play hardware are essential, but the greatest added value lies in creating a true digital twin of automated equipment. With MachineLogic's simulation capabilities, capabilities now extend to a wide range of industrial components.
  
  
• MachineApps : Vention's programming environment now includes MachineApps, purpose-built no-code applications that save users weeks of manual programming time. Agnostic applications for robots include an enhanced palletizing application, capable of managing multiple pallet bays with an integrated 7th axis.

Deployment with MachineCloud and remote support

Last year's Demo Day focused on simplifying the deployment of automation projects with MachineCloud, connecting the cloud to the factory floor. This year, we have expanded our deployment offering.

The main new features of MachineCloud are:

• 3-point robot calibration: When deploying, calibration with the environment can be a challenge. With Vention's 3-point calibration, users can now control the movement of their robot directly from the Vention keypad using Free Drive, making it easy to manually move and quickly learn positions.
  
  
• Pendant V3: This new generation of pendants features front and rear cameras, a detachable handle, a touch screen and Wi-Fi/Ethernet connectivity for a better user experience and seamless communication with the Vention customer support team via of the new control interface.
  
  
• Remote Support: Vention's new Remote Support solution, offered through Pendant V3, connects users with automation experts in 10 minutes, ensuring rapid issue resolution, reducing downtime and streamlining issue resolution

Informe State of DIY Industrial Automation

During the in-person event at its Montreal and Berlin offices, Vention also released its State of DIY Industrial Automation report, which reveals that 75% of the platform's users, primarily small and medium-sized businesses, are performing 50% of your automation projects independently. Manufacturers have formed internal advanced manufacturing teams to lead automation initiatives, resulting in cost savings, increased expertise and skill development on the factory floor.

Agillic reinforces its best-of-breed platform commitment, welcoming Martin Lindboe as CTO. With a distinguished career spanning software development, entrepreneurship, and corporate leadership, Martin Lindboe is well-positioned to drive innovation and ensure Agillic’s continued focus as a growth engine for its clients.

As Agillic looks ahead, Martin's strategic priorities will include shaping the company's strategic feature roadmap and innovation within the Research and Development department. In his own words, Martin Lindboe shared, "I see Agillic as an organisation with a strong and open culture, uniquely poised to make a difference in the market. As CTO, my first order of business is to learn about the people, the product, and the needs of clients, and I'm eager to get started."

Emre Gürsoy, CEO of Agillic, added, "I’m pleased to extend a warm and wholehearted welcome to Martin, who officially commenced his role as of 2 October 2023. This is an important milestone in our organisation's journey. We have strategically brought aboard a highly accomplished and capable leader who will be pivotal in driving forward our technology strategy and innovation capabilities, propelling us towards the realisation of our technological goals. I have every confidence that Martin will take a central role in spearheading our technology strategy and make substantial contributions to the ongoing readiness of our platform."

Martin Lindboe brings a profound technical background in product development and SaaS solutions, as well as previous experience from Agillic’s partner ecosystem. His experience and leadership will play a crucial role in driving Agillic's continued growth and innovation in the marketing automation and customer engagement industry.

Business Intelligence Group announced that it has awarded Effectual Inc. a 2023 Stratus Award for Cloud Computing in their annual business award program. The organization sought to identify the companies, products, and people that are offering unique solutions that take advantage of cloud technologies.

"This recognition is a testament to the expertise of our team and our continued success in accelerating positive business outcomes for our customers," said Effectual CEO, Robb Allen.

Earning the Stratus Award for Cloud Computing in 2021, 2022, and once again in 2023, Effectual continues to drive innovation in the cloud and develop solutions to address complex enterprise modernization initiatives.

"Effectual is one of the leaders in the cloud, helping to develop the infrastructure we need to store and host the data and applications driving our society," said Maria Jimenez, Chief Nominations Officer of Business Intelligence Group. "We are so proud to recognize all of the winners in this year's award program."

Acumatica Payments and Vital Customer-driven Features Highlight Cloud ERP Capabilities of Acumatica 2023 R2

Acumatica, an industry-leading business solutions provider, today announced the availability of a new set of innovative features and capabilities comprising the company's latest product update, Acumatica 2023 R2. The release of its cloud ERP update demonstrates the company's commitment to delivering best-in-class applications that centralize business operations and address real-world needs.

Acumatica 2023 R2 delivers hundreds of improvements and feature-rich functionality to users, each addition and upgrade specifically designed to improve usability, drive productivity and efficiency, boost sales and help businesses compete in their markets.

"With customer feedback, we can ensure our solution provides organizations with the intelligence and agility to meet their unique challenges," said Ali Jani, chief product officer of Acumatica. "Our diverse community of partners, customers and creators is driven to discover better ways to work, allowing us to redefine business management software. This collaborative effort enables us to continue delivering cutting-edge solutions that address current needs and anticipate and adapt to the ever-changing business landscape."

Acumatica Payments, an integrated payment processing solution, is just one of the many new features in R2 available to all customers. The new capability helps businesses enhance cash flow and streamline payment processes by providing credit card and ACH processing with improved reconciliation, mobile portal payments, click-to-pay and gift cards. Acumatica Payments was initially released as an experimental feature in 2023 R1 for users to test and offer input – feedback that is core to Acumatica's commitment to customer-driven innovation in its product development. Now, Acumatica Payments is automatically available to customers who use the Always Current Program, which delivers automated product updates to customers.

Other key 2023 R2 updates include:

• Access to the world's largest sales channel by connecting Acumatica to Amazon's Seller Central marketplace, supporting FBA (Fulfilled by Amazon) and MFN (Merchant-Fulfilled Network) delivery models.
• Shopify's new B2B eCommerce functionalities, with support for key features such as customer hierarchies and customer price tiers to seamlessly integrate online sales with Acumatica's back-end fulfillment processes.
• New web endpoints for Acumatica's Product Configurator, enabling manufacturers to leverage best-in-class third-party build-to-order solutions.
• A highly requested consolidated account reconciliation retainage invoicing feature, which improves project visibility for construction companies.
• A new Manage Sales Allocations screen, which streamlines mass stock allocation and deallocation for distributors, retailers and commerce merchants.

Patented approach enhances CX  through natural interaction and deeper understanding of customer behavior 

Openstream.ai, the leading provider of plan-based, multimodal Conversational AI solutions for visionaries, today announced it has expanded its multimodality patent portfolio with the issuance of Temporal Behavioral Analysis of Multi-Modal Conversations In a Question and Answer System. This unique approach advances the abilities of a multi-modal virtual agent to engage in human-like dialogue with users, improves the quality of the Customer Experience (CX) and provides enterprises with deep insights about their customers across multiple use-cases.

Openstream.ai's latest patent represents a significant advancement in the field of conversational analysis and AI-driven interactions. The techniques presented uniquely identify important aspects of conversations and create hierarchical models that can lead to more effective and contextually aware question-and-answer systems, improving how people interact with AI and enhancing the overall user experience.

"This patent adds to our expansive portfolio of intellectual capital and provides the best Conversational AI platform and capabilities for our clients," said Openstream.ai CEO Raj Tumuluri. "By combining various sensory inputs such as speech, gesture, vision, and touch while leveraging the latest advances in artificial intelligence disciplines and finely tuned AI capabilities, Openstream.ai's Eva^™ (Enterprise Virtual Assistant) enabled applications excel at delivering natural human-like interaction."

According to the 2023 Gartner ® Emerging Technologies: Tech Innovators in Advanced Virtual Assistants research report, by 2025, multimodal interactions will be a standard feature for VAs, up from less than 2% in 2021. Enterprises need to evolve from using basic chatbots to plan-based multimodal Conversational AI-enabled agents that provide superior customer and employee experiences. This latest breakthrough is already embedded in Openstream.ai's Eva^™ platform and enables superior customer and employee dialogue with personalized, fluid human-like conversations at scale.

Creating a comprehensive Conversational AI (CAI) platform for Visionary Enterprises involves integrating various cutting-edge capabilities to provide a robust and versatile solution. "This patent deftly combines conversational multimodal interaction and neural architectures by integrating multimodal fusion with neural attention," said Dr. Phil Cohen, Chief Scientist, Openstream.ai. "This versatility allows users to engage in conversations using their preferred communication methods."

Openstream.ai's visionary clients benefit from our feature-rich offering underscored by:

• Complete CAI platform for Visionary Enterprises
• Multi-modal interaction, plan-based dialogue engine that is ethical and transparent.
• Extensive capabilities across knowledge acquisition, pre-trained models & ontologies, Semantic Processing, Emotion, Customer Engagement, Multi-Agent Interactions, Sentiment Analysts, Business Process Adaptation and Multi-Lingual Support.

Eva's multi-modal runtime can also be deployed on the Edge for iOS and Android mobile apps. This capability ensures that even in situations with limited connectivity or resources, Eva can continue to function effectively by gracefully degrading to smaller local models.

These features make Eva a powerful tool for creating rich, dynamic, and context-aware conversational experiences across various platforms and devices.

This patent is the latest in a series of milestones for the company. In 2023 alone, Openstream.ai was included in over 20 Gartner analyst research reports, including the Gartner ® Emerging Tech and Hype Cycle research reports and the Gartner Magic Quadrant for Enterprise Conversational AI, in which it was named as the sole Visionary for the second year in a row.

StoryLoom publishes romance, drama, comedy, action, and more interactive narratives, and features content from popular series found in 'Choices: Stories You Play'

Pixelberry Studios, a subsidiary of Nexon and a pioneer in the world of interactive storytelling, proudly announces the official launch of StoryLoom, a groundbreaking mobile visual story platform designed to empower interactive storytellers of all experience levels. After a successful beta phase that engaged a diverse community of creators, StoryLoom unveils new features and capabilities, including integration with the acclaimed 'Choices: Stories You Play,' taking the interactive storytelling experience to the next level. Writers worldwide now have the opportunity to join this creative publishing platform and share their narratives with a global audience.

Carissa Gonzalez, CEO of Pixelberry Studios, said: "We're proud to officially launch StoryLoom as it marks a significant milestone for our vision of democratizing storytelling. Today's launch is a reflection of the invaluable feedback we received from our dedicated community during the beta phase. StoryLoom empowers creators to break free from the confines of traditional publishing, offering a fresh, accessible avenue for sharing their imaginative tales with the world."

StoryLoom's mission is to provide a platform where creators can publish their content without the hurdles of traditional publishing, such as pitching books, enduring long waiting periods, and facing potential rejections. Unlike the traditional publishing model, StoryLoom empowers creators to:

• Create and Publish: StoryLoom offers a user-friendly, always-evolving toolset for creators to craft their own visual novels and interactive stories, and keep all rights to the original content they create. The platform's constant improvement ensures a seamless experience for storytellers.
• Explore Fan Fiction in Shared Worlds: Starting with the success of the 'Choices' IP, StoryLoom now welcomes fanfiction creators to expand the universe and attract fans of the beloved 'Choices' franchise together in a ‘shared world’ experience.
• Tap into Literary Greatness: StoryLoom boasts books authored by renowned authors, including New York Times bestsellers, such as Jessica Khoury (creator of the highly popular story 'Queen By Night'), Jim Dattilo, Pamela DuMond and Cassie Alexander. These authors, with notable writing achievements, set a high bar for quality content.
• Access a Literary Marketplace: Through the platform, writers and creators can upload backgrounds, music, sound, create characters and build choices in stories. StoryLoom also has future plans to open the marketplace to artists to sell assets and further add to its library of creator resources.
• Hone Diverse Storytelling Styles: StoryLoom provides a playground for different storytelling styles and formats, allowing creators to expand and refine their narrative skills while experimenting with new approaches.

This platform serves as a beacon for aspiring writers, offering a valuable alternative to showcase their talents and connect with a broad audience. StoryLoom envisions most of its top content to come from semi-professional creators while actively encouraging aspiring writers to participate, creating a diverse and dynamic content ecosystem.

StoryLoom is dedicated to continually enhancing the user experience. So, while the backend infrastructure and player-facing features were strengthened during the beta, robust feature development will be continuous with many more enhancements coming to deliver an exceptional experience for both creators and readers. The team will also integrate community input to fuel improvements, ensuring that StoryLoom remains a dynamic and user-centric platform.

Officially launching on app stores, StoryLoom was primarily web-based during its beta phase. The platform is actively engaging with prospective creators who are passionate about writing and seeking a more versatile medium to share their stories.

StoryLoom invites writers and creators from around the world to join this transformative storytelling platform and explore a world of creative possibilities.