IoT is no longer the preserve of big business, anyone can play
Democratising the Internet of Things
IoT is no longer the preserve of big corporates, any business can play.
Until now, the Internet of Things media coverage has been dominated by the big players. Organisations such as utilities with Smart Meters; the auto industry with Internet in the Car and Fleet Management. Massive rollouts now mean that organisations like Vodafone have over 50 million connections around the world.
The forecasts for IoT growth are massive 27 billion devices connected by 2025 accordingly to Machina ReserachTo reach this level of penetration, it is essential that device costs become more affordable. More competitive devices will enable new business cases for applications that were previously uneconomic. Finally, organisations that were already using IoT and are looking at creating new applications need lower cost of entry commercials in order to get their nextbusiness initiative to fly.
By bringing new, simpler, devices to market, enterprises of all sizes can now create and drive brand new applications in their markets.
This could be a local elevator maintenance company looking to add smoke and security monitoring capabilities into their maintained lifts.
In fact, almost anything with a digital interface, or USB or Ethernet could be connected to an IoT service to collect, store and analyse data. Using an entry level device such as the AR502 CG-L now in the Vodafone Integrated Terminals Portfolio, business can connect for the first time.