December is more than just the final page of the calendar; it’s a time for gratitude, reflection, and celebration. At LORIOT, we believe that the magic of our work comes from the synergy of our team — a group of diverse, passionate individuals who come together to create something extraordinary.
It’s this spirit that we celebrated at our Yearly Meeting, acknowledging not just our achievements but the collective effort and collaboration that made them possible.
2024 has been a journey of growth and transformation. We consolidated the seeds planted in previous years, nurtured them with dedication, and saw them flourish into new projects that promise exciting opportunities ahead.
As the IoT landscape continues to evolve, our company has naturally expanded to embrace new opportunities, growing in various directions.
Our division LORIOT Verso, announced just a year ago, is already delivering impactful end-to-end IoT solutions such as the wildfire prevention system deployed in Salzburg, Austria. This LoRaWAN® project provides the local community with a network management system that enhances forest fire risk prevention, showcasing the impact of sustainable IoT solutions.
Our global footprint expanded into new horizons as markets worldwide increasingly embrace IoT solutions. While reinforcing our established presence in Central and Northern Europe, we built strong foundations in Latin America, the Middle East, and Africa.
This strategic expansion, supported by enhanced infrastructure and our amplified subscription plans, reflects our commitment to meeting diverse regional needs while facilitating IoT adoption worldwide.
On the technical front, we launched miotyGO, a new satellite IoT solution that simplifies mioty® connectivity implementation. While this technology is still navigating adoption challenges in the industry, growing market interest validates our investment in making the solution more accessible. Our team also delivered the beta version of Logmas, a step further into the continuous refinement of our product capabilities and integrations to meet market requirements.
Of course, with great achievements come greater challenges. Growth demands resilience in the face of setbacks, and 2024 tested our adaptability as an organization.
The company's expansion brought natural complexities that were embraced as opportunities for improvement. The organizational framework went under internal restructuring, focusing on operational quality to better serve our expanding client portfolio while ensuring each customer receives the personalized attention they deserve.
The changes we implemented weren't just about managing growth—they were about optimizing how we work together. As the IoT connectivity market continues its expansion, projected to reach USD 11.77 billion by 2032, we've positioned ourselves to leverage our team's expertise more effectively.
We're not just growing - we're growing smarter, together.
The highlight of the year for me was undoubtedly IoT Sparks, our inaugural event. Being part of its central organization was both a rewarding and humbling experience. It was an adventure where I could apply my expertise while learning something new at every step.
It was a pleasure to see our diverse partners and companies from various fields come together, united by the essential mission of deepening the understanding of IoT and its benefits for the future.
The event captured the essence of what drives us at LORIOT: the belief that innovation flourishes when we bring diverse expertise together under a shared vision.
With all these great achievements. How could we not celebrate?
Our yearly celebration brings a special energy as team members from Hungary and Switzerland join us in our Valencia offices. This is not only a moment to celebrate but also an opportunity to welcome the new members of our growing LORIOT family which now compiles a total of 50 people.
With all together, the LORIOT Yearly Meeting kicked off with what we do best: combining creativity with technical innovation.
We started with an internal hackathon focused on the Log Analyzer feature. The session quickly transformed into a hub of buzzing ideas and animated discussions. Working alongside colleagues from different departments opened my eyes to fresh perspectives on how our technology could solve real-world challenges.
The next day, we headed outside the city, where the celebrations took on a playful and magical twist.
We took part in an engaging team-building that pushed us to unleash our strategic thinking. The challenge before us? Creating an intricate chain reaction circuit that would guide a ball through a series of obstacles to its final destination. Simple in theory, yet delightfully complex in practice.
In the end, we watched in amazement as dominoes fell, balls rolled and makeshift pulleys worked their magic, sometimes exactly as planned, sometimes producing unexpected results. The air filled with collective cheers and gasps as we watched each team's creative solution unfold.
Just when we thought the day couldn't get better, two magicians appeared to guide us through the art of potion-making. This extraordinary experience added a sprinkle of wonder and perfectly captured the LORIOT spirit— where every challenge becomes an opportunity for shared joy and learning.
As we raised our glasses (of magic potion, no less) in a final toast, I couldn't help but feel grateful to be part of this extraordinary team. In one day, we had been engineers, inventors, magicians, and above all, a united team celebrating another year of shared achievements and dreams. What a truly dream team!
As I reflect on our celebration and the year behind us, what stands out isn't just the technical achievements or market growth, it’s the LORIOT’s spirit — a perfect fusion of our innovative mindset and collaborative heart.
We close 2024 carrying the lessons, memories, and inspiration that will help make the new year even more extraordinary. Here’s to the journey ahead, fueled by the bonds we’ve strengthened and the challenges we will face in this ever-changing field.
We have high expectations for 2025, and we are ready to do our best to exceed them.
