German appliance maker Miele & Cie. KG has announced technology in partnership with Microsoft Azure that will allow smart ovens to build on the Internet of Things platform. The smart oven will help cook perfect meals created from Online recipes.
The ‘Powerful Answers Award’ is positioned as a multi-million dollar challenge for entrepreneurs, companies and innovators worldwide to provide innovative solutions in three categories including IoT.
Budget includes announcements of new money for science and innovation, totalling over £240m.
The panel will have sub committees focusing on the application of IoT in agriculture, retail, energy and healthcare domains. Each shall undertake pilot studies and publish white papers around the IoT application.