Microsoft unveils cross-Azure IoT collaboration with IoT Messaging

In May, Microsoft released the Robot Operating System for Windows 10 IoT, enabling developers to leverage Azure IoT and machine learning capabilities. Then, last month, the tech giant introduced digital distribution centers to help bring advanced AI to Azure IoT Edge.

Today, Microsoft has unveiled cross-Azure IoT collaboration to simplify location and spatial intelligence usage with IoT messaging. With this move, the firm believes that it has overcome a difficult hurdle in a fully interconnected world, that is, bringing huge amounts of information together with spatial intelligence.

As such, Azure IoT, customers can now gain more understanding and insights about their "things" with regard to space. Furthermore, Azure Maps APIs can be utilized to implement IoT spatial analytics, and hence, track and capture relevant events occurring in space and time. A general use case could comprise of the monitoring of asset movement for companies, providing a geographical context with respect to IoT. More specifically, a geofence that is created based upon the determined route for a refrigerated goods delivery truck traveling from one city to another may be stored in Azure Maps. Now, assuming the truck leaves the designated path, this event may be detected by the black box on the vehicle, with notifications being sent out through the Azure Event Grid across various communications mediums.

Furthermore, data collected from sensors regarding the location of things now not only leads to insights as to the required actions, but more importantly, where these actions are to be carried out. With this improvement, Microsoft believes that cost effectiveness, as well as time management can be massively improved. With repeated usage alongside AI implementations, at some point, customers may also be able to predict future issues and opportunities.

For those who can provide their location via IoT messages, it is recommended that they start doing so immediately. Those who are unable to do so can still get their location associated with the service through other means such as RevIP, Wi-Fi, and cell tower triangulation.

The 3 Hottest Internet of Things (IoT) Stocks to Watch in 2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Internet connectivity is rising each day as the number of smartphones and other devices increases. We’ve seen cars, smartwatches, computers and using internet connectivity for some time now. However, many other products are now linked to the internet, such as televisions, doorbells, household appliances and even light fixtures. This phenomenon is known as the Internet of Things, or IoT. As artificial intelligence proliferates, even more devices will become connected, providing a much greater array of information and services. In an AI-enabled world, the IoT is of high value for consumers and firms. Therefore, I believe that the firms which have obtained a first-mover advantage in the IoT phenomenon will be very successful. Here are three of the hottest IoT stocks to watch in 2024.

Source: shutterstock.com

Aptiv (NYSE:APTV) develops high-tech products for automobiles. Its Aptiv Connected Services unit provides solutions for data acquisition and analysis in both pre-production and production vehicles. Among the unit’s offerings are “a range of vehicle data recorders” and data analyzation and processing software. These products all fit under the IoT umbrella.

Since automakers can charge their customers subscription fees for providing data points and data analysis, I believe that there will eventually be strong demand for Aptiv’s IoT offerings. That trend could start in 2024.

Also noteworthy is that Citi recently named APTV stock as one of its top five consumer discretionary names.

Source: Jonathan Weiss / Shutterstock.com

Johnson Controls (NYSE:JCI) is developing “smart buildings” that are connected to the internet and utilize AI. For example, working with Microsoft (NASDAQ:MSFT), JCI created an office building in the Persian Gulf area that allows employees to use a virtual assistant to assist with everyday tasks such as booking meetings, adjusting the building temperature and managing parking spaces.

The firm added that its tools make the building more efficient and less costly to maintain. Meanwhile, personnel throughout the building will be able to utilize AI to facilitate customer relationships, HR, procurement, administration mechanical, electrical and plumbing systems.

I believe that there will be high demand for these “smart buildings” starting this year, as they will save companies large amounts of time and money by making them more efficient and cutting their building maintenance costs.

Moreover, JCI, which sells HVAC systems, is well-positioned to benefit from the proliferation of data centers which require a great deal of cooling. The company is also poised to get a lift from new tax credits and other government incentives for heat pumps and energy-saving features in buildings.

Source: Sasima / Shutterstock.com

Broadcom (NASDAQ:AVGO) provides chips that enable Internet of Things devices to access the internet. In June, the company unveiled its second-generation Wi-Fi 7 chip range which allows IoT offerings to access the internet while conserving their power and operating more quickly. Retailers, internet service providers, telecom carriers and smartphone makers were all testing the chip last year.

Moreover, the rapid growth of IoT should greatly increase the demand for Broadcom’s antennas, routers and optic fiber.

The growth of IoT has benefited Broadcom already, and was one of the factors behind its operating income almost quadrupling between 2019 and 2023.

On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines

The post The 3 Hottest Internet of Things (IoT) Stocks to Watch in 2024 appeared first on InvestorPlace.

Elevat Announces Groundbreaking Technical Partnership with Microsoft to Revolutionize IoT with the Heavy Machinery industries

Machine Connect and Azure IoT Edge

SEATTLE, Dec. 19, 2023 /PRNewswire/ -- Elevat Inc (Elevat) is thrilled to announce a strategic technical partnership with Microsoft Corp. (NASDAQ: MSFT) that will reshape the Internet of Things (IoT) landscape. Leveraging Elevat Machine Connect and Microsoft Azure Edge, this collaboration promises to accelerate digital transformation and empower businesses with unprecedented connectivity and insights.

The IoT industry has been on an upward trajectory, with organizations worldwide recognizing its potential to enhance efficiency, optimize operations, and unlock new revenue streams. Microsoft and Elevat's joint efforts are poised to play a pivotal role in this transformation, offering a comprehensive and innovative solution.

Elevat Machine Connect, a cutting-edge IoT platform, seamlessly connects devices, sensors, and machines, enabling real-time data collection, analysis, and control. Its scalability, security, and flexibility have made it a go-to choice for industries such as construction, agriculture, forestry, mining, utilities, work trucks, recreational vehicles, and more.

Microsoft Azure Edge, on the other hand, brings the power of cloud computing to the edge of the network. With Azure Edge, organizations can process data locally, reducing latency and ensuring quick decision-making in critical applications. It offers advanced analytics, machine learning capabilities, and robust security features, making it an ideal companion for IoT deployments.

Key highlights of this partnership include:

In a statement, Adam Livesay, Co-Founder of Elevat, Inc, expressed their excitement about this collaboration: "Microsoft and Elevat share a common vision of transforming industries through innovative IoT solutions. Together, we will empower Industrial OEMs to unlock the full potential of their data and create new opportunities for growth. This partnership marks a significant milestone in our journey towards a more connected and intelligent world."

This partnership is set to make waves across various industries, from manufacturing and logistics to construction and municipalities. It is expected to drive innovation, efficiency, and competitiveness for businesses worldwide. For more information about this partnership and the capabilities of Elevat Machine Connect and Azure Edge, please visit www.elevat-iot.com

About Elevat Inc:

Elevat, Inc is a pioneer in IoT solutions, providing businesses with cutting-edge technology to connect, manage, and optimize their Heavy Machinery. Elevat Machine Connect is a versatile and scalable IoT platform designed to transform industries through data-driven insights and enhanced connectivity.

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SOURCE Elevat, Inc