Technology for Industries to Move Forward
Today, what is needed more than ever, in an era of the COVID-19 pandemic, is innovation. The world needs a metamorphosis of sorts, and with it, amazing innovation to help industries continue to operate in a way that is both safe and productive. But perhaps, most importantly, this transformation needs to help our world remain connected during a time of social isolation. Enter the IoT (Internet of Things) and AI (artificial intelligence), and in some cases working in tandem.
Research from IDC shows spending on AI is set to accelerate across the public sector due to automation and social distancing compliance needs in response to COVID-19, forecasting European AI spending of $10 billion for 2020, with a growth at 33% through 2023. What’s more, AI solutions deployed in the cloud will experience a strong uptake.
Add to that the fact that industries like healthcare, utilities, construction, and others need to continue to push forward, finding ways to be beneficial and sound and it becomes the perfect storm—and the ideal opportunity—for innovation to thrive.
Often, the challenge becomes distinguishing which innovations have the wherewithal to withstand the test of time. That is where Connected World can help, finding some of the hottest products for the fast-paced, ever-emerging IoT market, with its annual IoT Innovations award.
Each year, technology companies submit nominations. The judging committee at Connected World evaluates the most transformative innovations to hit the market, looking at what makes the technology unique, what the of type of product solution it is, how the company worked with others on the innovation, as well as other product attributions.
Each of the entries are then evaluated by each judge on a number of criteria including creativity of innovation, market competition, partners, go-to market strategy, price point, market need, addressing an industry painpoint, and more. The editors also consult with outside industry experts and conduct follow up with the candidates throughout the research process.
In an age where companies that have been tempted to put their digital transformation strategies on the backburner, now more than ever before when innovation is essential in era of disruption, it’s a wonderful time to recognize the winners of the Connected World IoT Innovations for 2020. So please join Connected World in congratulating the 2020 IoT Innovations winners.
The IoT Innovations were judged by Specialty Publishing Media, with the help of Dan Miklovic, member at The Analyst Syndicate.