Future of IoT at IoTCOK

The Future of IOT

Author: Pradeep M

Technology Entrepreneur

Email: chindu_m@yahoo.com

Is IOT Just an Hype?

• Small and mostly end consumer applications

• Low processing capabilities -> less complex system -> Quick and Easy deployment

• It is an hype however, what it has necessarily done is exploited the low processing capabilities to good use in the market place

IOT types

• B2C– Lifestyle devices– SmartWatches– Home Automation– Several small applications

• B2B– Industrial Automation

• Conversion of legacy systems

– Aeronautics– Shipping– Automotive

IOT vs ICT

• Although companies focus on IOT they don’t really call it IOT, instead ICT

• M2M and others are typical ICT application

What can be envisaged

• Too many products overlapping in offerings

• Several products deployed in quick succession

• Competition

• Leads to innovative marketing trends

• America, Europe and APAC will still make world class products because of huge consumer base

• Successful Indian products might not be many

The market is based on Ecosystem

• Ability to provide end to end solution is going to be critical

• Margins can be envisaged with Ecosystem based architecture

IOT subsystem

• Creation of IOT subsystem is crucial for success

• Current IOT products are not well optimized from the lowest processor design to the applications software.

Short term focus for IOT Companies

• Do it right first time

– There is only ONE chance in the market

• Understand the market better, focus on overseas market is a good idea

• Should hone the capability to build an IOT product in 4 to 6 months given the minimal complexity

Long term roadmap for IOT companies

• Creating a niche

• Serving targeted industry and segment

• Focus on product loving investors

IOT offerings

• Application development

• Embedded Systems software design

• Hardware design

• Deployment and Maintenance

• BPO/KPO

Conclusion

• There are tons of opportunity, it is a great chance for startup companies to create a niche in different areas of interest. The focus could be pure Front End development, Backend development &combination of both, cloud architecture, Data Analytics including BigData, embedded hardware & software and combination of both. The best would be to offer a complete solution to IOT OEMs

Thank you!

Q&A