Internet of Things & Wearable Technology Insights
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Internet of Things & Wearable Technology Insights

Internet of things and wearable technology insights, research, innovations & product news
Curated by Jeff Domansky
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The IoT Will Stress Retail Networks

The IoT Will Stress Retail Networks | Internet of Things & Wearable Technology Insights | Scoop.it
From www.dmnews.com - June 6, 2017 12:59 PM

Mike Frane, VP of product management at Windstream, told dozens of tech-industry watchers at Boston's recent MassIntelligence Conference that "the retail industry is going to be least likely to adopt AI."


But Frane sandwiched this remark between compelling monologues on the bandwidth woes of traditional brick-and-mortar businesses.


"What we're seeing in the enterprise world is that the bandwidth requirements are doubling every 18 months," Frane said in his breakout session.  The conundrum is further exacerbated, reported Frane, by trends and demands of the Internet of Things – a key enabling technology of AI systems – and the "tremendous amount of information" that the IoT will gather and generate....

Jeff Domansky's insight:

Retail needs to move ahead with IoT or fall behind the competition.

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Jeff Domansky's curator insight, June 6, 2017 1:01 PM

Retail needs to move ahead with IoT or fall behind the competition.
Shebrisbane's comment, June 9, 2017 4:14 AM
nice
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The Most Active VCs In The Internet Of Things And Their Investments In One Infographic

The Most Active VCs In The Internet Of Things And Their Investments In One Infographic | Internet of Things & Wearable Technology Insights | Scoop.it
From www.cbinsights.com - December 29, 2015 6:45 PM

Many corporate investors and smart money VCs have placed significant bets on the Internet of Things industry, which is expected to see nearly $2B in funding through the end of 2015.

Which firms are most active? We used CB Insights data to rank VCs by their unique IoT investments over the past 5 years.

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Intel Capital tops the list as the most active investor in IoT startups, followed by Qualcomm Ventures. Both small-chip companies’ venture arms have been active investors in wearables startups and sensor companies. Since Intel and Qualcomm are involved in designing and/or manufacturing ever-smaller chips to power mobile devices, this area likely offers them strategic value....

Jeff Domansky's insight:

Essential reading about the VCs and the Internet of Things.

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Easily Hacked Tea Kettle Latest To Highlight Pathetic Internet Of Things 'Security' | Techdirt

Easily Hacked Tea Kettle Latest To Highlight Pathetic Internet Of Things 'Security' | Techdirt | Internet of Things & Wearable Technology Insights | Scoop.it
From www.techdirt.com - October 28, 2015 2:33 PM

We've discussed at length that companies rushing to embrace the "Internet of Things" (read: networked devices for those of us not in marketing) tend to have completely forgotten a little something called device security. As a result we're now bombarded week after week with stories about cars that can be controlled remotely, televisions that share your unencrypted living room conversations with anybody on the Internet, and refrigerators that leave the door wide open to having your e-mail password stolen. Some of these are kind of cute exploits, but many of them could be potentially fatal.

While these companies are desperately trying to highlight the wonderful future of Internet connected devices, they've inadvertently been creating advertisements for why many devices should just remain stupid. Especially if you're going to cut corners in development so device security is an afterthought, or cut corners post release when it comes to quickly identifying and patching exploits.

The latest case in point: the $150 iKettle by UK company Smarter promises to save its users "two days a year in wasted waiting time" over traditional tea kettles. How? Users can remotely turn the kettle on from anywhere via smartphone app, potentially letting users walk into the house just as the kettle comes to a boil. Avoiding the horrible task of having to walk a few feet and wait a few minutes is the pinnacle of modern engineering to be sure; the problem is that for the better part of this year researchers have been noting that the security on the kettle was virtually nonexistent...

Jeff Domansky's insight:

Here's a look inside the challenge of security for Internet of things products.

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Richard Platt's curator insight, October 28, 2015 7:21 PM

More detail on the tea kettle that can be hacked and understand how this thing called WiFi technology needs a bit more robustness to mitigate the threat of being hacked.  Read on.
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IoT Forecast: 4% Drop in New Projects, Then 12% Rise

IoT Forecast: 4% Drop in New Projects, Then 12% Rise | Internet of Things & Wearable Technology Insights | Scoop.it
From www.mediapost.com - October 28, 2015 2:20 PM

Over the next six months, 4% of IoT adopters will decrease the number of projects they start, according to a new study. But over the next 12 months, there will be an increase of 12% in projects started.

The study was conducted by the IoT M2M Council (IMC) and comprised a quarterly survey of 140 executives that self-identify as buyers of products and services for the Internet of Things.

Part of the reason some companies may be slowing the pace of IoT projects is the complexity they either experienced or witnessed in previous projects.

For example, almost all (96%) of those involved in IoT projects say they face challenges in one form or another, as I wrote about here recently (96% Challenged by IoT Projects, 42% Targeting Consumers)....

Jeff Domansky's insight:

Several challenges lie ahead for the IoT marketplace including: complexity of projects, targeting consumers and what happens when the market breaks wide open.

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Here's how the Internet of Things will explode by 2020

Here's how the Internet of Things will explode by 2020 | Internet of Things & Wearable Technology Insights | Scoop.it
From www.businessinsider.com - March 3, 2016 12:27 PM

Here are some key points from the report: In total, we project there will be 34 billion devices connected to the internet by 2020, up from 10 billion in 2015. IoT devices will account for 24 billion, while traditional computing devices (e.g. smartphones, tablets, smartwatches, etc.) will comprise 10 bifllion.

 

Nearly $6 trillion will be spent on IoT solutions over the next five years.

 

Businesses will be the top adopter of IoT solutions. They see three ways the IoT can improve their bottom line by 1) lowering operating costs; 2) increasing productivity; and 3) expanding to new markets or developing new product offerings....

Jeff Domansky's insight:

The Internet of Things (IoT) is poised to go gangbusters.

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Inforce Computing's curator insight, March 10, 2016 3:05 AM

The Internet of Things (IoT) is poised to go gangbusters.
Tony Guzman's curator insight, March 10, 2016 10:15 AM

This article is an excellent follow-up to my previous one on the "Internet of Things". Very informative graphic included.
delphine crommelinck's curator insight, March 23, 2016 5:22 AM

The Internet of Things (IoT) is poised to go gangbusters.
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The US smart home market has been struggling — here's how and why the market will take off

The US smart home market has been struggling — here's how and why the market will take off | Internet of Things & Wearable Technology Insights | Scoop.it
From www.businessinsider.com - November 8, 2015 2:46 AM

The US smart home market has yet to take off. Quirky's recent announcement that it was filing chapter 11 bankruptcy — and selling off its smart home business, Wink — highlights this well.


At its current state, we believe the smart home market is stuck in the 'chasm' of the technology adoption curve, in which it is struggling to surpass the early-adopter phase and move to the mass-market phase of adoption.


There are many barriers preventing mass-market smart home adoption: high device prices, limited consumer demand and long device replacement cycles. However, the largest barrier is the technological fragmentation of the smart home ecosystem, in which consumers need multiple networking devices, apps and more to build and run their smart home....

Jeff Domansky's insight:

Here's a look at the challenges of the smart home market and why it has yet to take off

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96% Challenged by IoT Projects, 42% Targeting Consumers

96% Challenged by IoT Projects, 42% Targeting Consumers | Internet of Things & Wearable Technology Insights | Scoop.it
From www.mediapost.com - October 28, 2015 2:29 PM

But the success metrics are but one of the challenges of IoT implementation. Almost all (96%) of those involved in IoT projects say they face challenges in one form or another.

The challenges range from policies to issues with the actual technology. For any of you involved in IoT projects, this list of challenges from those already involved in IoT may sound familiar:

58% -- Business processes or policies, such as privacy issues
51% -- User adoption of new technology
41% -- Timely collection and analysis of data
40% -- Sensors or devices....

Jeff Domansky's insight:

Challenges ahead for IOT, but market potential is irresistible if business can solve some of the potential problems.

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Richard Platt's curator insight, October 28, 2015 7:24 PM

Only a third (33%) of those involved in IoT have quantifiable metrics to track success, according to the study IoT Meets Big Data and Analytics.  The study, conducted by Dimensional Research for ParStream, comprised an online survey of 200 businesspeople who have professional responsibility for IoT projects.   Almost half (47%) said their IoT initiatives were driven by strategic business investments and 42% are targeting consumers.  But the success metrics are still somewhat of a work in progress. Here’s how the success of IoT projects are evaluated:

  • 38% -- Objective is to explore options, so the process of learning will be the business success
  • 33% -- Have quantifiable metrics to track success
  • 29% -- Have documented goals, but they are difficult to quantify

But the success metrics are but one of the challenges of IoT implementation. Almost all (96%) of those involved in IoT projects say they face challenges in one form or another.  The challenges range from policies to issues with the actual technology. For any of you involved in IoT projects, this list of challenges from those already involved in IoT may sound familiar:

  • 58% -- Business processes or policies, such as privacy issues
  • 51% -- User adoption of new technology
  • 41% -- Timely collection and analysis of data
  • 40% -- Sensors or devices
YoloCommunications's curator insight, October 29, 2015 5:23 AM

Aside from IoT having a mystique to the term, why would this area be treated or approached any differently to any other new business proposition? After a business plan is developed, there should be a marketing strategy coupled with clear quantifiable metrics to gauge success and if those can be met then the prospects are extremely exciting.
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Mining the Internet of Things' trillion dollar opportunity | Eco-Business

Mining the Internet of Things' trillion dollar opportunity | Eco-Business | Internet of Things & Wearable Technology Insights | Scoop.it
From www.eco-business.com - October 23, 2015 2:01 AM
Resource-based industries are up against rising costs, manpower shortages, and the pressure to be more sustainable. A new Internet of Things Centre of Excellence for Resources by Accenture will help companies tackle these challenges and reap trillions of dollars in economic opportunities....
Jeff Domansky's insight:
The Internet of Things could help unlock trillions of dollars of value from business and industry.
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