Identifying the leading solutions in the IoT market today
Innovation is defined as simply the introduction of something new or a new idea, method, or device. A product, for instance, can be innovative. Merriam-Webster suggests that the words innovation and invention overlap some, as both can refer to something which has not previously been in existence before.
However, here is the key difference. Innovation can be something new or it can be a change made to an existing process. Merriam-Webster even suggests this: the first telephone was an invention, the first cellular telephone either an invention or an innovation, and the first smartphone an innovation. See the difference? Central to innovation is change. Something needs to change—a technology or a process—and change is critical today.
To help identify the IoT (Internet of Things) products that are driving the biggest change, each year, Connected World honors new innovations and recognizes a handful of products that are helping to move the needle forward in a number of vertical segments. The innovations represent the some of the hottest and in some cases even the newest products for the fast-paced, ever-emerging IoT market—and they are certainly the best of the best in the IoT for 2019.
Each year, industry vendors directly submit nominations. The editorial advisory board of judges at Connected World evaluate the most transformative innovations to hit the market, looking for what makes the technology unique, what type of solution the product is, how the company worked with others on the innovation, and more.
Each of the entries are then evaluated by each judge on a number of criteria including creativity of innovation, market competition, partners, go-to market strategy, price point, market need, addressing a painpoint, and more. The judges also consult with outside industry experts and do follow up with the candidates throughout the research process.
This year of those that nominated only five made the cut and stood out as truly innovative by today’s IoT standards. With that, here are the winners of the Connected World IoT Innovations for 2019.