Internet of Things (IoT) and Telecom APIs

IoT represents the logical evolution of the cloud and big data

A huge category, the Internet of Things (IoT) refers to uniquely identifiable objects and their virtual representations in an Internet-like structure.  IoT represents the logical evolution of the cloud and big data: the idea to enable sensor-equipped “things” to communicate with one another in meaningful, actionable ways, such as the following examples:

  • If a dozen county hospitals were equipped with sensor-enabled medical equipment, the system collecting the data might observe a spike in a particular disease and warn of a potential epidemic before it spirals out of control.
  • In the retail world, a company could see in real time which products are selling out fast in its stores, via RFID, sensors on the shelves, or point-of-sale data. A trigger could kick off an automated order to manufacturers or distributors to order more.
  • In the automotive world, dealers and car manufacturers could collect real-time data from sensor-enabled cars and keep a tab on potential widespread defects in a new model.

Stated differently, there are a lot more “things” than people in the world and the next big thing is allowing these things to communicate with other things in a way that adds value.  That value comes from addressing, tracking, monitoring, controlling (etc.) those things.

IoT therefore opens up a huge possibility of applications for machine to machine, machine to person, and person to machine communications as well as integration between a variety of databases and resources.

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Market Opportunity: Big Data in the Internet of Things 
Single User License: $495
Big Data and Analytics software and applications will play a crucial role in making IoT a success. The data generated through sensors embedded in various things/objects will generate massive amounts of unstructured (big) data on real-time basis that holds the promise for intelligence and insights for dramatically improved decision processes.