There is no other IoT (Internet of Things) sector that is covered with such adoration and frequency as the connected car. With a potential market of more than $250 billion, it’s rightfully so. Connected cars are sexy and appealing to a wide range of people so they grab all the headlines while the less attractive, connected commercial vehicle market chugs along quietly in the shadows building up a market value that will exceed $300 billion.
Today’s enterprise understands the value of data. The ability to collect data related to performance and processes, and turn that data into meaningful business intelligence is a major driver in the adoption of technologies that connect objects to networks—the IoT or Internet of Things—in order to communicate back to an owner for the purpose of controlling, monitoring, or better understanding its operation.
There have been serendipitous product calamities. Janet Jackson’s infamous “wardrobe malfunction” is still amongst the Top 10 halftime shows in Superbowl History according to CBS News, and “led to the creation of YouTube.”
In 2016, we saw IoT (Internet of Things) technology being implemented into almost every technology sector, and with that came significant changes in how enterprises and consumers interact with machines. We believe 2017 will be the year that we begin to see more refined IoT solutions, as well as reap the benefits of these more sophisticated solutions. In this article, we’ll look at some more specific trends that are expected to emerge in the industry this year.
Your mom probably told you it’s polite to share, but did she tell you that the IoT (Internet of Things) won’t get off the ground if companies can’t split the bounty? Since the IoT is a lot younger than you, probably not, but it’s true nonetheless.
In 2016, we saw breathless growth in the industrial IoT market. A bewildering mix of solutions confront the industrial operator, and many are choosing the easiest, most basic approach. In 2017, we see this customer base increasing in sophistication as they begin to reap early rewards—and stumble on pitfalls—from their early efforts. Here’s where the conversation is going in 2017 and beyond:
Peggy Smedley, editorial director, Connected World magazine, recently sat down with Dirk Morris, founder and chief product officer, Untangle, to discuss DDoS (distributed denial of service) attacks on large organization such as Amazon, Spotify, Netflix, and Twitter. He explains how the IoT (Internet of Things) is involved and what we can expect going forward.
Software is a key element in the architecture and construction world—as it is necessary to create and construct in today’s connected world. From design drawings to promotional images, via building construction, software is tracking the stages and presenting the results to improve productivity and ensure on-time delivery across the board. The data to support all this has to come from somewhere and has to be managed in a coherent way and the model is perhaps the obvious place.
Consumer applications for the IoT (Internet of Things) may dominate the headlines. However, most industry experts agree that the lion’s share of IoT revenues will go to B2B (business-to-business). Many of them will be recurring in nature. And if you think you have to be an IBM to grab your piece of the pie, think again. Here are three IoT recurring monetization tactics available to B2Bs of all sizes and stripes serving a broad spectrum of industries.
There is no doubt digital disruption and IoT (Internet of Things) is here and more is on the way. The Detroit Free Press just reported that “By 2022, more than 200 million vehicles around the world will be able to get over-the-air software updates, according to ABI Research, www.abiresearch.com, a company that studies technology trends.”
These days, industries are being overhauled on a daily basis. It’s all about the “platform.” The platform, the platform, the platform. Uber, AirBnB, Lending Tree, Home Advisor, etc.—the list goes on and on. If you can think of an industry, it probably has a platform. One of the few industries to remain untouched by this wildly popular innovation is the legal industry—until now. Enter Legal Services Link, a member of the 1871 Tech Incubator in Chicago.
Whether you’re browsing the aisles of a consumer technology store like Best Buy or the pages of Amazon, connected home products are hard to miss. From refrigerators to thermostats to lighting and everything in between, consumer product companies large and small are exploring all possible ways to embed connectivity into the household products we’ve used all our lives.
Are you an IoT (Internet of Things) developer or a mobile developer? The best bet is to be both, because when you combine IoT data with an intelligent human interface via mobile, you amplify the value of the whole system.
We have entered a global, connected generation. With new types of devices entering the workplace on a daily basis, organizations must prepare for the unknown so that they have the elasticity to withstand unexpected and high impact security events. To take advantage of developing trends in cyberspace and technology, businesses need to manage risks in ways outside those usually handled by the information security function, since new security attacks will effect reputation and shareholder value.
The connected car is not only the biggest step forward in recent automotive innovation, but is also the first major M2M sector with a consumer impact, bringing massive potential for automotive manufacturers and their technology suppliers to create exciting new revenue streams. This potential was highlighted in a recent report from PricewaterhouseCoopers, which predicted that revenues generated directly by connected car features and services will nearly quadruple from €31 billion in 2015 to €113 billion in 2020.