Analyst firm hits out at the hype surrounding IoT and potential revenues some predict it will create

The CEO of analyst firm Beecham Research has hit out at the hype surrounding the IoT and the potential revenues some are predicting it will create.

Amid some forecasts of IoT revenues in the trillions of dollars, Robin Duke-Woolley said everyone needed to “get real” about the potential size of the market.

Taking the total GDP of the United States – currently $18 trillion dollars annually, according to the IMF – as an example, the CEO said that to suggest revenues from the IoT would approach even 10 percent of this over a 5-10 year period was “unrealistic and unhelpful”. Continue reading “Analyst firm hits out at the hype surrounding IoT and potential revenues some predict it will create”

How IoT is already changing the way we do business today

The Internet of Things (IoT) is an exciting concept, a future where “billions of things are talking to each other,” as technology consulting company SAP describes it. We’ve seen gadgets and domestic appliances connect to the Internet and ping your smartphone with info, but it’s becoming more clear that these toys are a prelude to a vastly connected world. And yet, we spend most of our day at work. Here’s how technologists think the world of IoT will change the workplace—and how it’s already changing how we do business today. Continue reading “How IoT is already changing the way we do business today”

Mattermark – Top 100 Internet of Things Startups for 2015

  • 48 of the top Internet of Things (IoT) startups are based in the Bay Area, 5 in Boston, 3 in Los Angeles and Toronto, and 2 in Dallas, Paris and San Diego.
  • Venture funding in Jawbone, Genband, Silver Spring Networks and View Glass combined is $1.6B or 26% of all funding in the top 100 IoT startups.
  • Total funding for the top 100 IoT startups is currently $6.19B.
  • 31 are in late stage funding cycles as of today.

These and other insights are from a recent analysis of the IoT landscape using Mattermark Pro. Forbes readers often ask for insights into emerging technology startups, specifically venture-backed startups competing in IoT industries. Continue reading “Mattermark – Top 100 Internet of Things Startups for 2015”

Most mind-boggling IoT numbers and stats that prove that the phenomenon is here to stay

The Internet of Things is here and it’s growing rapidly.  Internet of Things (IoT) or Internet of Everything (IoE) refers to devices or objects that are connected to the Internet, like your smartwatch, Fitbit, or even your refrigerator. These devices are able to collect and transmit data via the Internet, contributing to our big data world.

Smart, connected devices are already transforming our world and the competitive forces in business. To demonstrate how fast this sector is growing and what an impact it will have on our lives and business, I’ve rounded up 17 of the most mind-boggling IoT numbers and stats that prove that the phenomenon is here and here to stay. Continue reading “Most mind-boggling IoT numbers and stats that prove that the phenomenon is here to stay”

Glimpse into Bathroom of the Future: Doctors Will Do Checkups via Mirror, Robots Will Clean for You

Recently, Ikea debuted its version of the kitchen of the future — grey-water systems, open storage, and a smart table were all part of the vision. But it’s not the only room in the house that will see technological advances in the next few decades. A more intimate space is also going to keep some slightly creepy tabs on you, according to Bathrooms.com and futurologist Dr. Ian Pearson. Continue reading “Glimpse into Bathroom of the Future: Doctors Will Do Checkups via Mirror, Robots Will Clean for You”

How Will IIoT Affect Manufacturing Operations and Processes?

The words—the Internet of Things (IoT), Industry 4.0, or the Industrial Internet of Things (IIoT) are new. But the goal is not new—use data from machinery and equipment to improve overall manufacturing performance, efficiency, more uptime and lower costs.

“A lot of us have noted that IIoT is something we could do a decade or more ago,” said John Kowal, director, business development at B&R Automation.

Yet, a number of manufacturing facilities either have not taken advantage of connecting their enterprises or they lag way behind. “Despite more than 30 years of industrial device level buses, increased computer capability and control, a number of manufacturing facilities and businesses are not as connected and automated as they could be,” said Jeremy King, product marketing manager, Bimba Manufacturing.

Agreed Mike Hannah, market development for The Connected Enterprise, Rockwell Automation, “The proliferation of these smarter end points, big data, analytics, virtualization and mobility are the evolutionary steps to harness the most powerful element that too few manufacturers today are fully capitalizing on: their own data.” Continue reading “How Will IIoT Affect Manufacturing Operations and Processes?”