This Week in IoT: Faster Chips, Security Concerns, Influencers Love ThingEvent

February 10, 2016

In the Boston area, there are two things going on this past week: Beanpot hockey and winter. In the world of IoT, there is new market information, new hardware innovation, and new security concerns. Without further delay, here are a few stories that caught our attention this week:

MIT’s Eyeriss GPU

Your smartphone is about to get a lot smarter – and a lot faster – thanks to a new processor from researchers at MIT. The powerful new chip called Eyeriss is billed as being 10 times more efficient than a mobile GPU and could potentially allow artificial intelligence algorithms (like Apple’s Siri) to run locally instead of sending that data to the cloud and back. But you’ll have to wait to get your hands on a smartphone with this chip; right now, it only exists in a lab.

Read more: InformationWeek

IoT Security Concerns with Trane Thermostats

It was recently announced that Cisco’s Talos Security Intelligence and Research Group has discovered and patched three security issues with the ComfortLink II thermostats made by Trane. The Internet-enabled devices allow uses to adjust a room’s temperature and other environmental controls via a mobile device, among many other features.

“The unfortunate truth is that securing internet-enabled devices is not always a high priority among vendors and manufacturers,” write Talos security researcher Alex Chiu.

Read more: Talos blog

Study: 70% of Firms Spend Little Time Securing Data Assets

Speaking of security, it may come as a surprise that a recent study by Strategy Analytics found that the majority of firms spent very little time securing their data. Furthermore, less than 10% of firms spent more than 50% of their time devoted to data security. The survey included over 600 firms worldwide in key verticals such as financial, healthcare, manufacturing and retail.

Read more: Strategy Analytics news release

IoT Chip Market to Grow to $10.78 Billion USD

Research firm MarketsandMarkets is out with market data that predicts the IoT chip market will grow to $10.78 billion USD by 2022. The report cites that the “wearable device application is expected to hold the largest market share and dominate the IoT chip market between 2016 and 2022 owing to the increasing adoption of wearable devices across the globe.”

Read more: MarketsandMarkets news release

Industry Influencers React to PTC’s ThingEvent

As noted in our recent post, industry influencers gave PTC’s ThingEvent glowing reviews. You can now visit the ThingEvent site and see analyst reactions in addition to customer insights.

Didn’t get a chance to watch the live stream? Watch the ThingEvent replay now!