The Internet of Things (IoT) may still be more hype than reality with a certain amount of inbuilt scepticism surrounding it, but this is going to change, and companies need to be ready. Germany’s main telco, tech and manufacturing companies have already formed the Internet of Things Alliance (iota) ahead of the upcoming IoT onslaught. The aim is to make sure that when devices do start speaking to each other, they’ll be speaking German. However, even with all this planning there’s a large stumbling block lurking on the horizon, which is a lack of a proper infrastructure to manage the vast diversified data, traffic, storage and processing demands associated with the IoT behemoth.
Thingmonk “In education technology one thing I’d love to see is … making sure every coding club in this country offers hardware as a topic,” said Alexandra Deschamps-Sonsino, giving the opening talk at yesterday’s Thingmonk Internet of Things conference in London’s Old Street district.
On the final day of the three-day conference, located under an East London railway arch, which rumbled every 10 minutes as London Overground services rattled overhead, 80 people crammed themselves into the stifling space to hear what’s hot and what’s not in the Internet of Things (IoT).
Builders of the Internet of Things (IoT) have long promised consumers a more convenient future: We will all live in “smart homes” where surveillance cameras, thermostats and garage door openers will turn on and off automatically, our groceries will order and deliver themselves into our refrigerators, and our speakers will know our taste in music. In our “smart cities,” always-on surveillance systems will crack down on crime and sensor-driven roadways will put an end to traffic.
Yet this hyper-efficient, IoT-fueled future is years away and plenty of pundits and investors are talking about consumer IoT as a too-hyped trend that’s failing to take off. According to a 2016 Accenture survey, consumer demand for smartphones and IoT devices is stalling. So why aren’t consumers snapping up the new technology?
Source: Why The Consumer Internet Of Things Is Stalling | Forbes
Big data, cloud computing, network virtualization, machine learning, telemetry and so on; all large fields with immense potential and boasting wide application in the “internet of things” world. But all this technical jargon – emanating from different industries – can risk overcomplicating our comprehension of the IoT. To understand IoT’s key enablers, it’s first essential to break it down into its basic components.
The “internet of things” has become such a widely used term that it feels like it’s been around for decades. Interestingly, even though it made it to the peak of inflated expectations in Gartner’s “Hype Cycle,” the term itself was coined back in 1999, almost two decades ago.
The development of the IoT converges multiple ecosystems and technology realms. It has real potential for telecom operators looking to extend connectivity from humans to machines; for governments working on smart city projects; for consumer electronics manufacturers building connected wearables; for banks trying to diversify payment services; or for enterprises looking to capitalize on the big data produced by billions of sensors. Such is the beauty of IoT – it unites many different industries and sectors.
While the promise of IoT is immense, the complexity of integrating heterogeneous ecosystems is admittedly a challenge, and one that is best handled by players that understand the digital nature of these heterogeneous systems.
Many people by now have some level of awareness of The Internet of Things (IoT), if not first-hand experience. Washing machines sending notifications when a part needs renewing. A kettle boiling based on your estimated waking time. Lights that switch on when you arrive. These are all examples of devices in the IoT.
So what’s the Industrial Internet of Things (IIoT), also described as the Industrial Internet, all about? Simply, it’s IoT – applied to manufacturing. Cloud computing may have freed IT support to become agile innovators and the IIoT will do the same for machines, “freeing” them to direct other machines, networks, and connectors.
The Internet of Things is rapidly exerting its influence over the plumbing, mechanical and HVACR industry. Top execs at Watts Water Technologies told us that they want to turn all of their products into communicating devices. VRF and ductless split manufacturer Samsung announced plans to invest $1.2 billion in
The killer app of the Internet of Things isn’t a thing at all—it is services. And they are being delivered by an unlikely cast of characters: Uber Technologies Inc., SolarCity Corp., ADT Corp., and Comcast Corp., to name a few. One recent entrant: the Brita unit of Clorox Corp., which just introduced a Wi-Fi-enabled “smart” pitcher that can re-order its own water filters.
IoT is no longer a nascent dream. By 2020, IDC predicts there will be 30 billion connected ‘things’ and a revenue opportunity of $1.7 trillion for the ecosystem.
Global brands, such as Intel, have already announced significant changes to their business to focus on IoT, and as more devices “connect” the lines of autonomous provisioning, management and monitoring will continue to blur.
Putting the hype aside, one of the most important conversations to emerge lately relates to the tactical elements of IoT. What do organisations need to address in development to make this a successful technological shift?