insights from silicon valley - the internet of things
TRANSCRIPT
Prepared by Helene Andre, Business Development & MarketingFor PRIME Paris Region International Mission Enterprise
February 2015
Insights from Silicon ValleyThe Internet of Things
Machine to Machine Communications Vs. Internet of Things
M2M IoT
M2M are point to point communications while IoT relies on a network and is enabled by various gateways such as smartphones. With the IoT, one trigger can start multiple actions on different things
The IoT Big Bang
25 Billion to 50 billion connected devices by 2020
Cheaper, Smaller, Better technologies
Every sensor will create a new business opportunity
Enterprises and Consumers as two distinct driversConsumer applications will drive the volume and the variety of connected things in use but the industry will account for most of the revenue
The IoT on the Enterprise Side
Industrial Internet led by Manufacturing, Utilities & Transportation736 million connected things in use in 2015
From product-centric to service-centric
IoT Business revenues in 20201/10 hardware and 9/10 software & services
The World of Wearables
Differentiation Is On Its Way
A new wave of startups is coming like Electrozyme, Empatica & Lumo BodyTech
Since style is the 2nd barrier to adoption, more and more wearable tech companies are betting on fashion such as Cuff and Misfit. On their end, clothing companies partner with wearable companies (e.g. Asics/Citizen Sciences connected polo shirt)
Some segments need to be constantly monitored
Reaching New Audiences
Home Automation Becomes Smart Home
Self-aware house that would adapt itself to its inhabitants and to its external environment (time, weather,…)
Subsidized house : In 20 years, consumers could have their house built for free, they would only pay for the different services offered by the connected devices
Connected Cars Get on The Road
More and more startups venturing to enable the smart car
License to play in California
Next Hurdles for the IoT
Data Congestion
Heterogeneity
Fog Computing4G / LTENetwork Virtualization
Consortiums & Open alliancesMergers and Acquisitions
Security Data privacyIdentity set
Sources
http://www.gartner.com/newsroom/id/2905717http://blogs.cisco.com/news/cisco-connections-counterhttp://www.businessinsider.com/three-companies-that-will-cash-in-big-on-the-internet-of-things-2014-11http://www.businessinsider.com/the-wearable-computing-market-report-2014-10#ixzz3K6z3ona0http://techcrunch.com/2014/12/02/the-internet-of-things-is-reaching-escape-velocity/
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For more info,contact Marie Buhot-Launay [email protected]