In 2018, the U.S. made up 35 percent of the global smart home market, which is expected to grow five-fold to a $192 billion global market by 2023. The same data from IHS Markit shows that over a third (38 percent) of U.S. households already have at least one smart device. Consumers in the market for smart home devices are faced with an overwhelmingly wide variety of device options and technology platforms. Among those offering the longest range and lowest power consumption are YoLink LoRa®-based devices offered by YoSmart. Smart home sensors leveraging Semtech’s LoRa devices are only a few clicks away, available now on Amazon in the U.S.
Leveraging smarter technology allows us to address the world’s toughest problems. Semtech’s founding principal of delivering advanced solutions that have a social and environmental impact is being fully realized in our challenge to combat the global COVID-19 pandemic today.
A year ago, the number of worker-focused proximity alert solutions could be counted on one hand. The need was not particularly great and the use case was very specific. The construction industry is one such area where the safety benefits are compelling. For over a decade, construction companies have been using forms of proximity detection as a means to interrupt at-risk behavior, with one such example being worker-worn systems to detect infrequent unsafe interactions between workers and equipment.
Location based Asset Management solutions are crucial for helping businesses worldwide to manage their assets as efficiently as possible. A large variety of use cases span from asset location, asset traceability, geo-fencing, and asset recovery, to loss and theft prevention. Although there exists a high demand for geolocation asset management solutions, current products often fail to fully satisfy customers’ requirements and expectations.
As new Internet of Things (IoT) solutions become available across industries and applications, technology decision makers are on the front lines leading the digital transformation. IoT solutions have become necessary to improve operational efficiency, increase data security and scale as each and every business works to remain competitive. IT decision makers and systems integrators are tasked with not only recommending the best IoT solutions, but also driving the transition to reliable and cost-effective technology.
Just a few short weeks ago, I had the privilege of speaking at the Society of Women Engineers (SWE) collegiate section at California Polytechnic State University, San Luis Obispo (Cal Poly SLO). Having been an active SWE member for five years and the 2019-2020 Section President for the San Buenaventura professional section, I was beyond thrilled to have the opportunity to represent Semtech at an event for SWE. This was able to take place thanks to a company culture of community building and enthusiastic support from Semtech leadership. Semtech’s CEO has spoken previously, such as in a recent interview with Authority Magazine, on the importance of diversity, setting the tone for Semtech’s commitment to a diverse workforce. Diversity meets inclusion when each member of the team takes the Semtech Core Value of treating all with dignity and respect, and applies that to supporting a global team and a commitment to recruiting with diversity in mind.
Think about a situation when you ordered merchandise online and you were eagerly expecting this package. Each day you watched through your window for the delivery truck to arrive, but unfortunately, it ended up arriving later than expected. In such a case, you would have benefited from a tracking system via your phone or computer. Then, you could know exactly when your package would arrive. Or think about another situation, when your child is picked up from school by the after-school service provider and you wonder if he or she has reached the destination safely. If there was an option to track the vehicle through your phone during your child’s journey it would be very useful.
Asset tracking is one of the most promising applications for the Internet of Things (IoT). A variety of industries, such as transportation, logistics, healthcare, and food services, are investing in smarter technologies to replace siloed legacy systems with automated asset management solutions.