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Continued IoT Scalability Requires More Devices with Intermittent Connectivity



Reuben Jackson

As our world becomes increasingly connected, IoT devices are emerging seemingly everywhere. With the total number of IoT connections projected to reach 83 billion by 2024, it’s time to start talking about technological changes that are necessary to accommodate continued IoT scalability and growth.

Currently, most IoT devices require stable and constant internet connections to sync their data to the cloud. The issue is that this level of connectivity is not always viable, and it comes with cyber risks. Hardware failures and bandwidth overloads happen, and they have the potential to wreak havoc on continuously connected devices.

For IoT to have continued scalability and evolve, taking its place in the digital mainstream — it’s essential to rethink the way devices are designed and secured

“The pace of innovation has generated requirements for millions of devices, most network (primarily wireless) connected in some capacity,” writes Earl Perkins, a VP at Gartner. “Unfortunately, most of these devices have little or no protection at the software and infrastructure levels.”

Engineering intermittent connectivity into IoT devices is a technical solution that is bound to drive increased adoption. Here’s how it can solve some of the current challenges IoT devices face.

Better power management for Continued IoT Scalability

While the technology is impressive, IoT devices are often hobbled by something as simple as a limited power supply. Constantly connected IoT devices have to be connected to a stable power source. As a result, they aren’t the most practical solution to use over long distances or in hostile conditions.

A lithium-ion battery helps

In many cases, the most practical power source is a lithium-ion battery. Once the battery runs out though, data transmission stops, and the IoT device is as useful as a brick. Consumer-facing IoT devices, such as those in appliances don’t face this problem since they’re built into the device and use the power source it’s connected to.

However, this isn’t possible in industrial use cases. The easiest way to reduce power consumption is to eliminate the need for constant data transmission. “If it didn’t take as much energy to transmit and receive wireless data, IoT devices would last longer,” explains Emily Newton of IoT Times.

What about the use of 5G for continued IoT scalability?

“5G New Radio (NR) will be far more energy-efficient than LTE networks,” she adds. “In an LTE network, base stations can only sleep for less than a millisecond before transmitting since they require many always-on signals. 5G NR can rest for 20 milliseconds between notifications, leading to lower-power sleep modes.”

What’s more, the rise of push paradigm IoT devices is a sign that product engineers are taking steps in the right direction to deal with the issue. Under this protocol, data is sent only when necessary (at a push of a button). XML and JSON payloads make sure that databases remain on track between transmissions.

The result is low battery use, and almost no energy wasted unnecessarily.

Less network strain

When analyzing IoT use cases from a business perspective, it’s obvious that in almost every case, there isn’t a need for a constant transmission of data. Sending a constant firehose of data back to central servers only increases network strain and makes it more likely that they’ll fail or get intercepted at critical junctures.

Here’s how to provide less network strain

The logistics industry provides a good example of how intermittent connectivity can ensure safer product delivery. IoT use has risen in the logistics industry thanks to the conditions under which the COVID-19 vaccine is being shipped.

These vaccines are stored and transported at far below-freezing temperatures in packets of dry ice. Traditional RFID condition monitoring tags that rely on radio waves cannot be used in air freight situations.

IoT devices have become a go-to solution. But what about product condition monitoring?

Always-on IoT devices have become a go-to solution, but the strain they place on the network jeopardizes product condition monitoring.

In such situations, solutions such as QR code-based data loggers are a better option. Employees can scan QR codes using their smartphones and transmit data to central servers as needed. The result is less network strain, lesser chances of network outages, and better condition monitoring.

“Data transfer reliability is what makes or breaks supply chain analytics,” notes Niko Polvinen, a co-founder of Logmore. “When you can have confidence in the quality of your data and your ability to obtain it, you will get the insights you need to make crucial supply chain improvements.

Efficient data retrieval

A constantly connected IoT device will transmit huge amounts of data to servers, causing server-side strain. Indeed, data generated from IoT devices is predicted to reach 73.1 ZB by 2025. All that data can give teams a wealth of information, but sifting through and running analytics on them is challenging.

Here is how to mitigate the data retrieval issues with IoT scalability

One way of mitigating this problem is to combine data mart storage with intermittent transmission. Data marts are a collection of relevant data related to a specific activity that an organization is interested in monitoring. For example, a retailer can create data marts for all of their departments or even product lines.

Central warehouses can store large datasets that are relevant for the entire organization, while data marts can provide teams with a quick view of important, product-specific data. With IoT devices transmitting data intermittently at relevant times, searching for and organizing data becomes simple.

Intermittent connectivity is the key to capturing relevant data without risking network overload. When combined with data marts, IoT use cases across all businesses grow exponentially.

Growing use demands new approaches for continued IoT Scalability

As IoT devices continue to proliferate every part of our lives, it’s time to rethink their design to prevent infrastructure failures.

Intermittent connectivity is the best solution thanks to the important issues it eliminates. Embracing it is the key to realizing greater IoT scalability.

Image Credit: Provided by Author; Thank you!

Reuben Jackson

Ruben is a blockchain security consultant currently living in New York City. He helps organizations fundamentally redesign experiences to create new sources of value also digitally reinventing company’s operations for greater efficiency.


Fintech Kennek raises $12.5M seed round to digitize lending



Google eyed for $2 billion Anthropic deal after major Amazon play

London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs



Deanna Ritchie

As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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UK seizes web3 opportunity simplifying crypto regulations



Deanna Ritchie

As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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