The Internet of Things (IoT) is forging the digital economic era. Consumers are replacing vendors as the architects of production, and their demands are creating services from what used to be products. ICT will emerge as a factor of production rather than remain a support system, and the integration of the physical and digital worlds will deepen.
IoT exists in a massive, sophisticated ecosystem that requires joint investment and collaboration between ICT solution providers, enterprises, research institutes, and governments. This in turn requires complex partnership agreements to ensure that this ecosystem thrives.
We believe that partnerships can build a strong IoT ecosystem; we believe that a strong ecosystem turns the key to innovation.
Vernon Turner: Current Trends in IoT
IoT is on the horizon, trends are emerging, and the potential for innovation is high. But, good planning is needed.
Agile IoT Makes Everything Possible
Senior executives from Intel, Puppet Labs, and Southern Cross University share their thoughts on IoT.
Eric Xu: Ubiquitous networks are the basic service provided by operators to connect more people and devices.
As the number of IoT users surges, operators will have more room to grow and increase their revenues.
Ken Hu: The advanced technological age of IoT is here, bringing with it great opportunities across the industry.
The massive requirements and potential applications of IoT are becoming clear: the number of IoT connections will vastly exceed connections between people. IoT is destined to benefit the global economy with transformative technologies made available for wearables, smart home appliances, smart cities, logistics management, and much more.
Guo Ping: Only 10 percent of connections are between users – the rest are between devices or between users and devices.
We expect to see 100 billion connections by 2025: 55 percent will be in the business domain and 45 percent will be for consumers. The massive number of connections will enable significant productivity gains for companies and individuals.