May 17, 2020

IoT sensor market to reach $9.9bn by 2026

IoT
Internet of Things
market
research
Jonathan Dyble
2 min
IoT
According to a new report form Persistence Market Research, the global internet of things (IoT) sensor market is forecast to be valued at $9.9bn by the...

According to a new report form Persistence Market Research, the global internet of things (IoT) sensor market is forecast to be valued at $9.9bn by the end of 2026.

The market is set to grow substantially from the $3.35bn recorded last year, maintaining a compound annual growth rate (CAGR) of 12.7% during the eight-year period in question.

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Within this, North America is expected to continue to lead, with the expectation that the continent will maintain an 11.8% CAGR between now and 2026, with a $3.2bn market valuation by the end of the period in question.

This growth is set to be driven by an increasing adoption of IoT technologies within a range of industries, such as the automotive and manufacturing sectors, alongside usage in the healthcare industry and smart city applications.

IoT sensors offer a range of benefits including cost reductions, streamlined processes and more accurate and enhanced data analytics capabilities.

However, despite such significant growth, the IoT sensor market is expected to make up a slim portion of the wider market, with a report from Business Insider Intelligence suggesting that total IoT spending could reach up to $15tn in the years between 2017-2025.

Further, more than 55bn IoT devices are expected to be in use across the globe by 2025, up from the 9bn recorded in 2017.

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Jul 14, 2021

Discord buys Sentropy to fight against hate and abuse online

Technology
Discord
Sentropy
AI
2 min
Sentropy is joining Discord to continue fighting against hate and abuse on the internet

Discord, a popular chat app, has acquired the software company Sentropy to bolster its efforts to combat online abuse and harassment. Sentropy, monitors online networks for abuse and harassment, then offers users a way to block problematic people and filter out messages they don’t want to see.

First launched in 2015 and currently boasting 150 million monthly active users, Discord plans to integrate Sentropy’s own products into its existing toolkit and the company will also bring the smaller company’s leadership group aboard. Discord currently uses a “multilevel” approach to moderation, and a Trust and Safety (T&S) team dedicated to protecting users and shaping content moderation policies comprised 15% of Discord’s workforce as of May 2020.

“T&S tech and processes should not be used as a competitive advantage,” Sentropy CEO John Redgrave said in a blog post on the announcement. “We all deserve digital and physical safety, and moderators deserve better tooling to help them do one of the hardest jobs online more effectively and with fewer harmful impacts.”

 

Cleanse platforms of online harassment and abuse

 

Redgrave elaborated on the company’s natural connection with Discord: “Discord represents the next generation of social companies — a generation where users are not the product to be sold, but the engine of connectivity, creativity, and growth. In this model, user privacy and user safety are essential product features, not an afterthought. The success of this model depends upon building next-generation Trust and Safety into every product. We don’t take this responsibility lightly and are humbled to work at the scale of Discord and with Discord’s resources to increase the depth of our impact.”

Sentropy launched out of stealth last summer with an AI system designed to detect, track and cleanse platforms of online harassment and abuse. The company emerged then with $13 million in funding from notable backers including Reddit co-founder Alexis Ohanian and his VC firm Initialized Capital, King River Capital, Horizons Ventures and Playground Global.

“We are excited to help Discord decide how we can most effectively share with the rest of the Internet the best practices, technology, and tools that we’ve developed to protect our own communities,” Redgrave said.

 

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