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The Internet of Things
Transcript of The Internet of Things
by Dominic Cope
Director of Operations at Exosite
WHAT IS THE
INTERNET OF THINGS?
"Things" to the Internet
aka. The Internet of Everything
Other problems to solve
Lack of personnel
Lack of understanding
Do we really need it?
Nike Fuel Band
What allowed this to come about?
How big will the IoT be?
WHAT OPPORTUNITES ARE AVAILABLE?
"A lack of IoT-related talent is considered the top obstacle to businesses using the IoT."
- Embedded engineers (getting the 'Things' to talk to the internet')
- System designers (how is the data stored, data transfer protocol...)
- UX (User Experience) Developers
- Visual Designers (how to present the data in a way that makes sense)
- Server/System administrators
- Data Analysts
- Project managers
Starting with 'I'
Nest Smart Thermostat
Smaller and cheaper hardware
More Internet connected devices
Cloud based storage and services
A lot of $$$
(to make, and to save)
- Anyone with an idea to create a cool 'IoT' device
Plant Needs Water!
Parking Space Available
Water Tank Empty
2013 = $1.9 trillion USD
2020 = $7.1 trillion USD
$10 - $15 trillion (GE)
$19 trillion (Cisco)
THE DREAM OF OT
Some estimates predict annual IoT economic value will exceed the US GDP by 2025.
Some big players
Exosite believes the IoT movement will reach maturity over 5 phases:
Generalized data platform products
Vertical industry solutions
Inherently-connected building blocks
Today, the industry is beginning Phase 3
Phase 4 cannot be unlocked without inherently cloud-connected building blocks
Today, over 95% of IoT products are done in-house as one-off custom solutions (18+ mos to deployment). These have a high failure rate due to the complexities of technology and number of vendors involved.
Projections of 20 – 75 billion devices by 2020 assume 50% onboarding in the last 3 years of the decade.
Building full vertical solutions (Phase 3)
is like drilling one oil well at a time.
Although OEMs are selecting silicon based on bundled cloud capabilities, the effort to deploy “cloud as a peripheral” is repeated each time – this forces linear growth.
ALL IoT products will use silicon, but the common thread is server-based intelligent connectivity.
Inherently cloud-connected silicon paves the path to success for the 95% “customs”.
This enables best-in-class IoT destinations & differentiated IC solutions, and will unleash the promise of 75 billion devices.
Four key components
Things to sense