Data is the new oil. It’s valuable, but if unrefined it cannot really be used. It has to be changed into gas, plastic, or chemicals to create a valuable entity that drives profitable activity; so must data be broken down, analysed for it to have value.
— Clive Humby, Mathematician and architect of Tesco’s Clubcard, 2006.
What does Internet of Things (IoT) mean?
The Internet of Things (IoT) is:
- Computing concept describing a future where every day physical objects will be connected to the Internet and be able to identify themselves to other devices.
- Closely identified with RFID (Radio-Frequency Identification) as the method of communication, although it also may include other sensor technologies, wireless technologies or QR codes.
RFID (Radio Frequency Identification)
- Automatic identification technology
- Uses radio-frequency electromagnetic fields to identify objects carrying tags when they come close to a reader.
- It cannot be reduced to one technology.
The importance of the IoT
- An object that can represent itself digitally becomes something greater than the object by itself.
- The object relates to everyone, but is now connected to surrounding objects and database data.
- When many objects act in unison, they are known as having “ambient intelligence.”
An overview of IoT in 2016
- A shift from hype to reality.
- 2015 – most people only heard about IoT in the media or consumed some marketing blogs.
- 206 – consumers and enterprises went out and started their own IoT endeavours or bought their own IoT devices.
- Consumer IoT and enterprise IoT enjoyed record uptake and major setbacks.
What to expect in 2017
- War for IoT platform leadership.
- Large IoT platform providers are gearing up for the war for IoT (platform) leadership.
- NB-IoT will finally be introduced in 2017.
- AR/VR becoming mainstream. IoT Platform providers PTC (Vuforia) and Microsoft (Hololens) have already showcased a vast range of Augmented Reality / Virtual Reality use cases.
IoT key figures in France: a market growing quickly
- 69% of the French people know how to use connected objects (Source: Gartner)
- 68% of the French people have the intention to buy a connected object, as follows: 59% for Car Equipment, 56% for House Equipment, 52% for Multimedia purpose, while 47 % of them will buy it to monitor their Health
- 43% are curious, 27% are dubious, 11% fearful, 9% are refractory, and only 10% feel enthusiastic about the IoT.
- 89% of the respondents -> “connected objects can render interesting services” and 83% say that connected objects “will be permanently anchored in our daily lives”
- They can be perceived as a danger to health (69% of respondents) or a factor of some intrusion into privacy (76%).
- The potential of the health market is unlimited.
- From 2015 to 2020, 2 milliards connected objects would be sold in France (Source: GFK)
*Cover photo: Bitcoin News
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