Author: Connected World

Is vRAN (virtualized radio access network) the next evolution of cellular networks? Samsung suggests yes, it is, and the company describes vRAN as an important step in advancing 5G by evolving previously hardware-driven functions by making them virtualized or software-based. A software-based network can offer more flexibility. For instance, Samsung says a software-based network has a leg up in terms of providing new features and managing the network. vRAN also moves controller functions closer to the edge. But isn’t 5G the future the industry is working toward? What role will vRAN play in this 5G future? Data from Transparency Market…

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When it comes to market growth and unhindered innovation, two factors—interoperability and standardization—are key. The IIoT (industrial Internet of Things) is poised for major growth this decade, and efforts to promote and enable interoperability and standardization within the IIoT umbrella of technologies will only support and enhance this growth. With its release of Sparkplug 3.0, the Eclipse Foundation is taking an important step forward in Sparkplug’s transformation into an official industry standard that will help enable “plug-and-play” IIoT solutions. The IIoT market will reach new heights by the end of this decade. Predictions about exactly how high the market value…

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Insurance companies are very much focused on managing risk. Thus, predictions become very important. With AI (artificial intelligence), insurance companies can assess the energy efficiency of a house or the probabilities that there might be a fire or similar occurrence in a building, as examples. “To take advantage of that solution, you need to change how you are selling insurance,” explains Joshua Gans, professor of strategic management, University of Toronto. “Because what the customers would like is that information so they can de-risk their house and not have to pay insurance premiums.” Here is how artificial intelligence can help in…

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