IoT is now recognised and considered a key driver of the digital transformation agenda that enables businesses to reinvent products, services, internal operations and business models.
IoT is a rapidly growing global sector, Gartner predicts the IoT market will be worth $15 trillion by 2030. At Vortex IoT we firmly believe that by facilitating the adoption of rugged sensor technology into challenging real-world industrial applications, the efficiency and performance of businesses will be vastly improved.
By the end of 2017, there were 8.4 billion connected devices globally, an increase of 31% from 2016 and a figure that is more than double the year-on-year growth achieved across 2012-2016.
Cisco had this to say in December 2017:
“2018 will be a watershed year for IoT, where we move from a first phase that focused on incremental improvements, to a new phase in which IoT gains momentum as barriers and challenges are addressed, in terms of security market structures, industry standards and so on. We are moving beyond the basics, to an era of more advanced value propositions. From that perspective IoT in 2018 will be about the transformational impact these technologies can have, “less about hype, and more about business benefit.”
So what are the origins of IoT?
Computers were large and typically standalone bits of hardware with no need to communicate. Some advantages of connecting computers included moving data/results and distant messaging. However, reasons, why they weren’t connected was because computers were uncommon and hard/expensive to interconnect.
What happened next?
Computers got smaller and cheaper and computing made simple tasks much more efficient. Far more data was being made and needed sharing, and it was becoming cheaper and easier to connect.
The development of Smart phones
A computer could now fit in your pocket and access the internet similarly to a PC. There was a boom in small and affordable electronics components and telephone operators needed to provide access to the full internet on the go.
The dawn of the Internet of Things
"The ‘perfect storm’ for IoT was created from broadband internet becoming more widely available, the decreasing costs of connecting devices, more devices being created with built in WIFI capabilities and senors and the smartphone penetration sky-rocketing."
(Source: A Simple Explanation to the 'Internet of Things' by Jacob Morgan)
And so all the key elements for IoT existed due to smartphones:
- Low cost/power microprocessors
- Permanent connectivity
- Miniaturised sensors (accelerometers, light sensors etc)
- Li-Po batteries
- Billions of devices – IP infrastructure
At our Swansea HQ we are actively developing and deploying new and cutting-edge technologies that solve known business problems.