|By Kevin Benedict||
|April 14, 2014 03:10 PM EDT||
Recently Google acquired the home automation company Nest. Nest is a company that sells IoT (Internet of Things) enabled devices that allow homeowners to control the temperature of their homes through their smartphones, plus it sends notifications if it detects dangerous levels of smoke or carbon monoxide. This company is a great example of how IoT is expanding beyond its industrial roots.
Why would Google get involved in home automation systems? Because their real goal is to collect, analyze and utilize data to provide more personalized online and mobile experiences. Cognizant calls this strategy "Code Halos" strategies. Nest will provide Google with a much deeper understanding of consumers' "patterns of life."
In the next few years we will see widespread adoption of IoT technologies for consumers. This will include a range of applications such as smartphone controlled appliances, home irrigation systems, alarm systems, home automation systems, smart-watches that monitor vital signs, Internet connected vehicles and new applications that we haven't even heard of yet. There is and will be massive expansion of the IoT for personal use.
IoT is growing quickly and is expanding into new industries. IoT strategies are currently being used in vehicle fleets, home automation and management, healthcare, manufacturing, smart grids, ATMs and much more. Not only are IoT applications being embraced by industry, but also by consumers. In 2014 we are seeing many new Internet connected devices such as Google Glass, smart watches and smart appliances appear.
Some examples of IoT applications today:
• Tracking vehicle fleets for increased accountability
• Monitoring vehicle performance to maximize efficiency and reduce operating costs
• Viewing electricity usage through smart meters
• Managing production lines through M2M sensors
• Internet connected-alarm systems
• Monitoring vitals for hospital patients
• Home management-systems that control thermostats, appliances, irrigation systems, etc.
Recent IoT market forecasts:
IDTechEx research has found that the wireless sensor market will grow to $1.8 billion by 2024. (http://bit.ly/1i5Q29P)
Gartner predicts the “internet of things” will hit 26 billion devices by 2020, up from 900 million five years ago, and this will increase the amount of information available to supply chain professionals, as well as exposure to cyber risks. (http://bit.ly/1e57GG6)
According to a recent report from Navigant Research, cumulative utility spending on IT systems for the smart grid will total $139.3 billion from 2014 through 2022. (http://bit.ly/1ka16DL)
- Innodisk | Efficiencies for Cloud Hardware at Cloud Expo New York
- Join Gartner, IBM, + AWS at AppSphere and save $200 when you register in August!
- In 2014 Big Data Investments Will Account for Nearly $30 Billion - Eventually Accounting for $76 Billion by 2020 End
- Global Cloud Security Market Growing at 15.7% CAGR to 2020: Forecast & Analysis in Research Report Available at ReportsnReports.com
- Video: DevOps and Security
- Worldwide Indoor Location Market Growing at 46.0% CAGR to 2019 Says a New Research Report Available at RnRMarketResearch.com
- Flexera Software's InstallAnywhere 2014 Simplifies Multi-Platform Installation for Physical, Virtual and Cloud Environments
- Mobility News Weekly – Week of August 3, 2014
- Searchmetrics Drives Over 200% World-Wide Growth As More Business Leaders Begin To Recognize The Value Of Search
- Mobility News Weekly – Week of August 17, 2014
- Digital Transformation's Impact on Enterprise Mobility and App Design Strategies
- Web Analytics Market by Solution (Search Engine Tracking & Ranking, Heat Map Analytics, Marketing Automation, Behavior Based Targeting) & by Services (Professional Services, Support & Maintenance) - Worldwide Forecasts & Analysis (2014 - 2019)
- Mobile Commerce News Weekly – Week of August 3, 2014
- Red Hat To Present At Internet of @ThingsExpo
- Mobile Cyber Security News Weekly – Week of August 10, 2014
- Where Are RIA Technologies Headed in 2008?
- Dolphin Announces Open API With Over 50 Add-ons Including Dropbox and Wikipedia
- Cloud People: A Who's Who of Cloud Computing
- 21st century Modern Alarm systems continue to play a key role in various institutions and industries
- SEO/SEM Tips & Tricks: How and When Should You Submit Your Website to Google?
- Cloud Expo 2011 East To Attract 10,000 Delegates and 200 Exhibitors
- Tips For Press Releases in Reputation Management from Industry Veteran Brandon Hopkins
- Yahoo! to Keynote 4th Cloud Expo: Accelerating Innovation with Cloud Computing
- Google Version 2.0: Googzilla - The Calculating Predator
- ManageWP Powers Over 100,000 WordPress Sites Within Three Months of Launch
- Ulitzer’s Amazing First 30 Days in Public Beta
- Google's Competitive Advantage: It Leverages "The Power of Free"
- Ulitzer vs. Ning - a Quick Review
- AOL To Enhance Video Search Engine by Adding RSS Feeds
- Confessions of a Ulitzer Addict