The Internet of Things (IoT) is set to become a “pivotal catalyst” for the ICT industry in 2014, as a nexus of low-cost sensors, cloud computing, advanced data analytics and mobility produces an explosion of IoT activity, according to new research from Frost & Sullivan.
“Numerous opportunities will emerge as more and more data is generated by machines than human beings,” said Andrew Milroy, the vice president of Frost & Sullivan’s ICT practice.
“These include the ability to analyze and use vast amounts of data, to store data and source application functionality in and from the cloud, to create manage and support apps that enable the operation and management of IoT implementations and to provide high-speed connectivity between objects and the people who work with them and use them,” he added.
Among Frost & Sullivan’s headline predictions for 2014 is that technology will drive transformation in the healthcare sector by helping providers to mobilize scarce resources and manage efficiency – and as healthcare stakeholders become more aware of the benefits and applications of healthcare technology.
“Healthcare providers are now looking for measurable ROIs on their investments,” said Rhenu Bhuller, the senior vice president of Frost & Sullivan’s Asia-Pacific healthcare practice. “Technology areas demanded by patients include knowledge and tools to support better patient outcomes, improvements in workflow efficiency and healthcare service mobility.”
Frost & Sullivan also expects to see some dramatic developments in the automotive sector as M2M companies start to connect vehicles to the cloud.
It says the Google (Mountain View, CA, USA) car provides a hint of the immense possibilities stemming from this development, with its 360-degree Laser Detection service achieving “map-accuracy as close as 10cm, a milestone in automotive navigation input capabilities”.
With carmakers not yet equipped to drive the transformation of “smart cars”, there is a lucrative opportunity for ICT companies to work with automobile manufacturers on transforming the industry, says Frost & Sullivan.
Geo IoT is anticipated to move well beyond simply the ability to determine proximity for commerce and various retail applications. Longer term, presence detection and location determination will be a critical aspect of IoT privacy, security, and preference management for both consumer and industrial applications.
Analysis of the DAS market, including carrier WiFi, small cells, and SON, and the leading companies in the DAS ecosystem and their solutions. The report also includes evaluation of market drivers, challenges, and provides forecasts for 2016 to 2021.
Comprehensive coverage of NGN OSS/BSS including opportunities within Big Data and IoT, analysis of the drivers and issues related to the technical and business aspects of OSS/BSS, deployments and operations issues, and quantitative analysis with forecasts for anticipated growth through 2021.