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Internet of Things


What is the Internet of Things (IoT)?

#artificialintelligence

Over the past few years, IoT has become a major focus of the connectivity technology industry. But what exactly is IoT? This acronym refers to the'Internet of Things' and encompasses all objects and devices that are able to connect and exchange data with other devices via a mobile network. This is what is known as interaction: is dispensed with and the machines communicate directly with each other. IoT is a technology that has recently flourished thanks to the roll-out of the 5G network, which makes it possible for connectivity to reach the vast majority of current electronic devices: from industrial machinery to cars, buildings or home tools such as household appliances, virtual assistants or smartphones.


How AI Is Transforming the Insurance Industry [6 Use Cases]

#artificialintelligence

Intelligent automation drives the best ROI for repetitive, standardized, and attention-demanding workflows. Claims management is a great example of such. Largely paper-based and rarely end-to-end digitized, the claims management process can eat up to 50%-80% of premiums' revenues. Being primarily manual, claims processing is also prone to errors and inefficiencies, which further drive up the insurers' operating costs. As McKinsey stated at the beginning of 2019, larger insurance carriers haven't quite addressed the costs of services delivery: In particular, the increase in connectivity--telematics and onboard computers in cars, smart home assistants, fitness trackers, healthcare wearables, and other types of IoT devices--now allows insurers to automatically collect more comprehensive data from customers.


Amazon's acquisition of iRobot could mean cheaper Roombas, but we have some concerns

Mashable

From smart TVs to gaming platforms to that weird microwave phase, Amazon loves to make its own version of stuff that already exists. That's not the case with robot vacuums, apparently, because Amazon is acquiring iRobot. Amazon and Roomba under the same digital roof could impact consumers in a few ways, both good and bad. Here's what the merger could mean for you: Right now, Roombas aren't exactly considered a bang for your buck. Competitors like Roborock and Ecovacs offer features past vacuuming itself like mopping, LiDAR mapping, and automatic emptying at much lower price points than the closest iRobot counterparts.


Amazon's iRobot Deal Would Give It Maps Inside Millions of Homes

WIRED

After decades of creating war machines and home cleaning appliances, iRobot agreed to be acquired by Amazon for $1.7 billion, according to a joint statement by the two companies. If the deal goes through, it would give Amazon access to yet another wellspring of personal data: interior maps of Roomba owners' homes. Those Roombas work in part by using sensors to map the homes they operate in. In a 2017 Reuters interview, iRobot CEO Colin Angle suggested the company might someday share that data with tech companies developing smart home devices and AI assistants. Amazon declined to respond to questions about how it would use that data, but combined with other recent acquisition targets, the company could wind up with a comprehensive look at what's happening inside people's homes.


Amazon vacuums up Roomba maker iRobot, sparking immediate privacy concerns

Mashable

Would you give Amazon the layout to your home? Well, you soon may not have a choice if you're a Roomba customer. In a statement released on Friday, the e-commerce giant announced it was acquiring iRobot, the company best known as the maker of the popular vacuuming robot, Roomba. Amazon will purchase the consumer robot company in an all-cash deal for around $1.7 billion. The deal, however, still needs to be approved by regulators.


Amazon to buy vacuum maker iRobot for roughly $1.7B

Associated Press

Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power. The move is part of Amazon's bid to own part of the home space through services and accelerate its growth beyond retail, said Neil Saunders, managing director at GlobalData Retail. A slew of home-cleaning robots adds to the company's tech arsenal, making it more involved in consumer's lives beyond static things like voice control. Amazon's Astro robot, which helps with tasks like setting an alarm, was unveiled last year at an introductory price of $1,000. But its rollout has been limited and has received a lackluster response.


Roomba Vacuum Maker Purchased By Amazon

International Business Times

Amazon (AMZN) and iRobot (IRBT), the maker of the Roomba vacuum, announced that Amazon would purchase the consumer robotics company in a $1.7 billion deal, or $61 per share, on Friday. The purchase includes iRobot's net debt. It still needs to face approval from iRobot shareholders and has regulatory hurdles it also needs to go through. Amazon already makes similar products to that of iRobot. However, it is unclear what Amazon's plans are with the purchase of iRobot's technology.


Amazon to Buy Roomba Maker iRobot for Roughly $1.7B

TIME - Tech

Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power. The move is part of Amazon's bid to own part of the home space through services and accelerate its growth beyond retail, said Neil Saunders, managing director at GlobalData Retail. A slew of home-cleaning robots adds to the company's tech arsenal, making it more involved in consumer's lives beyond static things like voice control. Amazon's Astro robot, which helps with tasks like setting an alarm, was unveiled last year at an introductory price of $1,000. But its rollout has been limited and has received a lackluster response.


Amazon agrees to buy Roomba maker iRobot for $1.7bn

The Guardian

Amazon announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7bn, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power. The acquisition, announced on Friday, is part of Amazon's bid to own part of the home space through services and accelerate its growth beyond retail, said Neil Saunders, managing director at GlobalData Retail. The appliance would join the voice assistant Alexa, the Astro robot and Ring security cameras and others in the list of smart home features offered by the Seattle-based e-commerce and tech giant. So far, Amazon has not had much success with household robots. The company's Astro robot, which helps with tasks like setting an alarm, was unveiled last year at an introductory price of $1,000.


Amazon is buying Roomba vacuum maker iRobot for $1.7 billion

NPR Technology

An iRobot Terra lawn mower is shown in Bedford, Mass., on Jan. 16, 2019. Amazon on Friday announced an agreement to acquire iRobot for approximately $1.7 billion. An iRobot Terra lawn mower is shown in Bedford, Mass., on Jan. 16, 2019. Amazon on Friday announced an agreement to acquire iRobot for approximately $1.7 billion. NEW YORK -- Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power.