IoT Applications: Connecting the EDGE USA 2019, Nov 20-21 Santa Clara, CA 10% Attendee Discount - Ends Friday, 1 November www.IoTUSA.tech
Internet of Things
(IoT) is considered as a third revolution of computer, after the first revolution of bringing computing to governments and big companies and the second one to public via PC and smart phone. IoT aims at baking computing power into everything else via countless tiny chips, which will enable them to calculate, process information and decide. By gathering and analysing troves of data about the product, process and customers, a computerised world will allow its inhabitants to quantify and analyse all manner of things that used to be intuitive and inexact. The direct market size of IoT will be $320 bn by 2027 according to GSMA. Although it is hard to predict the exact impact of IoT on economics, it is believed to be over $500 bn by 2021 and $1 trn by 2025.
Expanding from computer to everything else, IoT projects are found to be very fragmented. Some IoT projects are led by government, such as smart traffic systems to reduce waiting times, or mandate the use of smart meters. Some projects are utilised in industry with the aims to improve productivity. One example is to use advanced algorithms to predict the downtime of machines and schedule maintenance before it happens. Other IoT projects focus on consumers. One of the hot topics is the smart home, including the smart speaks, smart lighting, remote controlled appliances etc. The following image summarises some of the key IoT projects that of good interest and will come to mainstream in the coming years.
Carnival Corp, Semtech
, Hendry, IEEE
, Dell Technologies, Signify, Siemens
Research, T-Mobile, Cisco
, Arm, Qorvo
, Valqua Ltd, Stora Enso
Corp, RAIN RFID
, Orange, Progress DataRPM, Software AG
, Renesas Electronics, ON Semiconductor and more
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