IEEE Pursues Standard Reference Architecture for the Internet of Things
Potential migration toward an Industrial Internet of Things (IIoT) raises numerous questions regarding suitable architectural frameworks or reference architectures for use in these emerging ecosystems. Organizations such as the IEEE (Institute of Electrical and Electronics Engineers), the Industrial Internet Consortium (IIC), and the European IoT-A (Internet of Things – Architecture) project, among others, look to provide architectural frameworks that define relationships between IoT domains and devices, as well as appropriate security schemes.
Supplier Revenues Continue Slide in Q2 2015
Automation suppliers' revenues dropped by over 3 percent during the second quarter of 2015. The precipitous drop in oil prices and the strong dollar had a significant impact on growth for most process industry suppliers. Based on the corresponding drop in order activity, many suppliers have trimmed their expectations for business in the quarters ahead. Discrete automation suppliers continued to benefit from stronger investment activity in the electronics and automotive industries in Asia and North America, and Japanese suppliers continued to gain disproportionate benefit from a weaker yen.
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