As much as IoT is the buzzword of consumer electronics, it will quickly become a critical part of the electronics supply chain as companies use sensors to maximize efficiency of various business tasks and integrate that information into a strategic advantage.
GE, which has a long-term strategic partnership to explore cooperation in the areas of industrial internet, healthcare and advanced manufacturing with Qingdao Haier Co., has agreed to sell its Appliances business to the Chinese company for $5.4bn.
Across Nigeria, low-cost Chinese goods are everywhere, evidence of Beijing's growing dominance in global trade. The trade flow has helped keep life affordable for millions of Nigerian families, at a time when the country is struggling with economic stagnation and plunging prices, as well as the deadly costs of the Boko Haram insurgency.
Home automation hardware, sold as stand-alone units rather than as part of a subscription package, will exceed 300 million in 2020, according to Juniper Research. This represents growth of over 1000 percent from an estimated installed base of 28 million units in 2015.