The Internet of Things

While “The Internet of Things” (“IoT”) is relatively new term, connected devices have been around for several decades. The Space Race launched the concept of telemetry. Power plants began transmitting operation and environment metrics in the 1970s. The first RFID tag patent was approved in 1983. Civilian GPS launched 10 years later. The first consumer mobile devices emerged in the late 1990s and exploded last decade. Today there are over 12 Billion connected devices transmitting operational and environmental data over the Internet, a number that is expected to double by the end of the decade.* You now find everywhere: smart phones, automobiles, fitness bands, workout clothing, weight scales, thermostats, baby monitors, medical devices, and much more.

updated-gsma-infographic-final

The rise of IoT, in combination with other technologies and disciplines, opens many doors. New forms of:

  • Merchandising: RFID-based instant self checkout and inventory optimization
  • eCommerce: Automatic ordering of products worn out of thrown out, in-store upsell, real-time coupons
  • Health and Medicine: mHealth, eSource, Quantified Self
  • Insurance, risk and security: remote monitoring and risk assessment
  • Smart homes: environment control, improved security, green living
  • Smarter cars: Imagine having your car to tell you when to refill based on traffic, mileage and location

Our team has been fortunate enough to work on development and commercialization of connected devices for nearly 20 years in a wide variety of industries. We would be happy to work with you to see how you can take advantage of this newly emerging technology concept in conjunction with mobile, big data and analytics, recommendation systems, ecommerce or systems integration to develop breakout products or simply improve operational efficiencies. Check out our thoughts in our Connected World blog or…

Contact us to learn more