According to a report from Gartner published in Dec 2013, The Internet of Things (IoT) will grow to 26 billion units installed in 2020 representing an almost 30-fold increase from 0.9 billion in 2009. This will result into 300 billion incremental revenue mostly in 2020.
This is a next big opportunity. All the device manufacturers, network players, telcos, etc. would want to have a major share of it.
The IoT would include worlds of home automation devices, interconnected cars, wearables, smart sensors, movable / fixed assets, etc. All the diverse devices needs to communicate, monitored and controlled.
No wonder, Intel, Samsung, Dell, Broadcom and many others announced this week a formation of Open Interconnect Consortium (OIC). According to a report, the Open Interconnect Consortium (OIC) will define a common communications framework to wirelessly connect and manage the flow of information among personal computing and emerging IoT devices of operating system via diverse service providers. The consortium would make open source code contribution, and provide device certifications.
OIC is not the first one in the market. Back in December, a group of companies led by Qualcomm announced another alliance called AllSeen Alliance and made AllJoyn as a standard for achieving the same. Initial members of this alliance included Qualcomm, LG Electronics, Panasonic, Sharp, Silicon Image and Hailer. Microsoft, and Cisco also joined the alliance.
However, Google’s Nest has become a de facto icon of intelligent device in the sphere of Home automation. Google is seriously expanding in the market.Google has recently bought Dropcam too. Google took it further by announcing Working With Nest framework. Effectively it would become Google’s standard for controlling home automation.
Apple is not be behind too. Apple will deliver a much awaited iWatch later this year. It would play an important role in wearables. Apple already has AirPlay as a standard for connecting apple ecosystem devices like AppleTV, etc. Would AirPlay be Apple’s “standard” for for interconnecting , controlling and monitoring devices?
The big question is Who would control effectively your life, home (via home automation), transport (via interconnected cars) and health( via wearables) ?
Do you have a say in it?