Gooee deal brings IoT to 5,000 buildings

The adoption of technology for displaying inventories could result in a £9bn boost to the declining high street, according to research carried out by NearSt and the Future Laboratory.

The agreement will see Telefonica become the official IoT and network connectivity partner for Schindler’s smart lifts and escalators offering, called Schindler Ahead.

The telecom giant has become the first to confirm a UK switch-on date. The 5G network will launch initially in seven cities in the UK on 3 July for both consumers and businesses.

PlaceTech visited Drees & Sommer's latest R+D hub to find out about the tech in the building, the startups the company is working with, and the firm's innovation strategy.

Dr Hien Quoc Ngo is working on a network system that requires no cells to improve data speeds, reliability and connectivity and help meet the demands of future wireless systems.

Michael Grant, chief operating officer of Asset Mapping, has bought the building sensor software business out of administration with funding from ex-Nomura bankers Adrian Purvis and Gary Cottle.

KPMG asked 740 “tech industry leaders” about their innovation priorities and found IoT the biggest likely winner in the next three years and increasing scepticism of artificial intelligence.

The online retailer said an electrical fault in a charging unit was the cause of a serious fire at the company’s Andover warehouse back in February.