Is The Internet of Things A Perfect Storm?
There has been a great deal of discussion surrounding the Internet of Things over the past couple of years as more companies are taking an active and aggressive interest. IBM for example has recently decided to invest $3 Billion over the next 4 years.
“Our knowledge of the world grows with every connected sensor and device, but too often we are not acting on it, even when we know we can ensure a better result,” said Bob Picciano, senior vice president, IBM Analytics. “IBM will enable clients and industry partners apply IoT data to build solutions based on an open platform. This is a major focus of investment for IBM because it’s a rich and broad-based opportunity where innovation matters.”
Research firm IDC predicts the market to hit $7 Trillion by 2020 and there appears to be a growing number of venture capital firms shifting investment funds into the new IoT and IoE markets.
“The connected car and home are as big an opportunity as the connected phone,” said Venky Ganesan, a managing director at Menlo Ventures. “When the iPhone came out in 2007 we had a difficult time seeing all the things that would emerge out of that platform. Similarly, it will be tough to envision and predict all the innovations that are going to emerge out of this platform, but I am sure they will and it will be equally transformative”
We’ve published a number of infographics here on CloudTweaks surrounding IoT but very few as creative as the one found at 451 Research. Click the image to zoom or visit the link at 451 Research to see a larger version.