The Internet of Things (IoT) isn’t new, but it’s certainly come a long way from the first internet connected toaster since 1989. IoT is essentially connecting devices over the internet and letting them communicate with one another. A popular example is the “smart fridge.”Imagine running out of milk, the smart fridge will text you to let you know whilst it sends a picture to your phone of your empty fridge through internal cameras.
But the IoT is much more than flashy smart fridges. Imagine applying the same concept to an entire city, or creating a connected healthcare system, or improving energy and agriculture. There’s a reason the government is encouraging energy companies to hand you a smart meter: all that data and automated use is more efficient, meaning we use less energy, turning information into action.
The Internet of Things World Conference recently held their 3rd annual event between 10-12th May in Santa Clara, California. This year’s event saw a 74% increase in attendance from last year with over 10,000 attendees this year. It shows that the belief in IoT technology is growing rapidly.
With over 300 industry leaders and over 150 exhibitors, the main focus was on monetisation; by bringing the IoT revolution together through ecosystem-wide attendees, stakeholders and investors. The yearly event provides a unique opportunity to meet the key players in the industry and attendees came from all over the world to learn, share and discuss the Internet of Things (IoT).
Many key players in the industry attended, including Apple, Microsoft and Samsung. In a panel entitled “Embracing shared mobility and the cultural implications to create smarter cities”. Giants of the car sharing service Uber, Lyft and Zipcar turned out with the San Francisco Municipal Transportation Agency.
“Smart cities require even smarter transportation,” said Annabel R. Chang, Director of Public Policy for Lyft. “Whether people are travelling for business or leisure, transportation is a cornerstone of any city’s economic health.
A common theme from the conference were speeches on data platform: This is a very important part of any IoT system, as it is where all of your data and analytics reside. It has to be device interoperable, easy to integrate, flexible to various analytics engines, and secure. It was apparent that every company from Microsoft and Amazon to smaller companies you have never heard of were building their own platforms.
The Internet of Things World Conference shed some light on the platforms, ecosystem, structure, security and where IoT is going in the future. Specialized UK analyst and advisory firm Machina Research thinks the IoT market will reach $4 trillion by 2025.
Next year, Internet of Things World will take place May 16-18 at the Santa Clara Convention Center.