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.