M&A, Strategies, Alliances Actility and myDevices have partnered to pair Actility’s LoRa expertise with a drag-and-drop IoT project builder, for simpler IoT development. Hitachi has set up the Hitachi Insight Group, which will develop products and services based on its new Lumada IoT platform. HP has launched HP Tech Ventures, to invest in 3D printing, VR, and the IoT. Drayson Technologies has secured $11.5m investment in its Freevolt ambient wireless charging technology. Forecasts and Blue Sky Thinking The IoT M2M Council (IMC) has found that enterprises are planning on reducing their IoT spend for the next year, attributing the decline to global economic uncertainties that began in Q3 2015.