I’m a realist. I know full well most of you would rather spend 27 minutes running around chasing Pokemon than listening to my latest keynote video “IoT in Asia: What’s Hot, What’s Not & What’s Next”. To save you time so you can get back to catching Snorlax, Alakazam, and/or Vaporean, I give you the two minute, bullet-point version of the presentation (with a few slides thrown in).
Below the Surface Innovation
Governments across the region did a great job building the hype around Smart Cities – problem is that as citizens we aren’t seeing the life-changing solutions. In reality, Smart Cities ARE making progress, but they are focusing on things we can’t see, such asset management, predictive analytics, and smart building initiatives. These solutions focus on driving operational excellence and reducing costs, which is important and adds value, but are not easily visible to us as citizens.
Bridging the IT/OT Divide
Governments, enterprises and vendors are seeking to get their IT and OT (operational technology) teams to work together rather than operating in silos. IDC forecasts 40% of Asian-based MNCs will seek to integrate these groups at the technology, process, security and organisational levels by 2018, leading to greater cost efficiencies and streamlined operations. Vendors must create messaging for both audiences as IoT budgets are increasingly in the hands of the lines of business (OT).
There are too many devices delivering too little value. Wearable device numbers are not growing at the expected rate largely because users aren’t seeing the value. The wearable ecosystem needs to evolve to create applications that deliver value – today’s “notifications” just aren’t enough. Expect to see considerable consolidation in the space in the coming years – and look out for single purpose devices instead of the current “one size fits all approach” to drive wearables in the enterprise.
The best quote about this comes from Scott Jenson from Google…”we are solving yesterday’s tasks with tomorrow’s technology.” We connect “things” because we can, not because it adds value. Do we really need a connected fork? We need to switch our focus from creating tech to creating solutions. Best practice for this comes from a UK-based start-up Demand Logic that is transforming the way we manage Smart Buildings. Their offering is all about solving the customer’s problem, not pushing more technology.
IoT at the Edge
While we capture data an the endpoints, most solutions send that data back and do the analysis centrally. Storing, analysing and acting on the data at the edge will decrease costs, increase business agility and drive efficiency.
Low Power Wide Area Networks (LPWANs)
Ok, not the sexiest of terms, but don’t discount them. These low power, low cost, low bandwidth networks have the possibility of giving a much needed boost to the IoT market in Asia by reducing the IoT solution connectivity costs by over 90%. Since most IoT solutions are funded by a business case, this means we should be able to connect more things as prices decrease…if, and only if...the IoT ecosystem develops the solutions that can leverage the LPWANs.
Ok, enough talk about IoT…your Pokemon await!