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Internet of Things is becoming a part of our lives as more and more businesses realize the potential of IoT solutions to increase their competitiveness. Recent research from IoT Analytics, a leading Hamburg-based market research / industry analyst provider of market insights for the Internet of Things, M2M, and Industry 4.0, has provided a valuable snapshot of the state of the IoT sector.

All technological solutions have architecture – a skeleton that is used to build a conceptual solution for a future project. IoT solutions aren’t an exception, and as a directon under development, its architecture is still open for standardization. So, the question remains: which IoT architecture can be specified as a reference one?

The two-day specialized IoT Tech Expo Europe 2017 took place in Berlin at the beginning of June. The conference & exhibition attracted more than 4000 visitors from all over Europe. Hymux Technologies’s CTO Vasil Tarasevich and PM Angelina Moroz visited the exhibition and below share their opinions and forecasts on the IoT sector.

Enterprises struggle with similar challenges: how to remove production bottlenecks, cut costs, and improve financial performance. How does IoT help?

The rapidly expanding demand for Internet of Things (IoT) tools and services is predicted to continue in the coming years. Gartner Inc. forecasts 31% growth between 2016 and 2017, with business expected to employ 3.1 billion connected items in 2017. For business, predictive maintenance and self-optimizing production are going to be two of the major drivers of this growth.