This week we focus on IoT in the cloud.
IoT for all lists 7 reasons why start up companies like iRobot, GoPro, and Under Armour have chosen AWS IoT platform:
- Starting with AWS IOT is easy: The AWS IoT platform connects IoT devices to the cloud and allows them to securely interact with each other and various IoT applications.
- High IoT security: Amazon doesn’t spare resources to protect its customers’ data, devices, and communication.
- AWS cherises and cultivates startup culture: AWS has helped multiple IoT startups get off the ground and startups are a valuable category of Amazon’s target audience.
- Serverless approach and AWS Lambda are right for startups: startups can reduce the cost of building prototypes and add agility to the development process as well as build a highly customizable and flexible, serverless back end that is highly automated.
- AWS IoT Analytics paired with AI and Machine Learning: AWS IoT Analytics and Amazon Kinesis Analytics answer to high demand for data-analytic capacities in IoT.
- Amazon partners with a broad network of IoT device manufacturers, IoT device startups, and IoT software providers.
- The range of AWS products and services: the top provider of cloud services has a range of solutions tailored for major customer categories, including startups.
Forbes makes five IoT predictions for 2019:
- Growth across the board: IoT market and connectivity statistics show numbers mostly in the billions (check the article below)
- Manufacturing and healthcare – deeper penetration: Market analysts predict the number of connected devices in the manufacturing industry will double between 2017 and 2020.
- Increased security at all end points: Increase in end point security solutions to prevent data loss and give insights into network health and threat protection.
- Smart areas or smart neighborhoods in cities. Smart sensors around the neighborhood will record everything from walking routes, shared car use, sewage flow, and temperature choice 24/7.
- Smart cars – increased market penetration for IoT: Diagnostic information, connected apps, voice search, current traffic information, and more to come.
According to Forbes IoT is one of the most-researched emerging markets globally. The magazine lists 10 charts on the explosive growth of IoT adoption and market.
Here below a few teasers, check all charts in Forbes.
- According to Statista, by 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services.
- McKinsey predicts the IoT market will be worth $581B for ICT-based spend alone by 2020, growing at a Compound Annual Growth Rate (CAGR) between 7 and 15%.
- Smart Cities (23%), Connected Industry (17%) and Connected Buildings (12%) are the top three IoT projects in progress (IoT Analytics).
- GE found that Industrial Internet of Things (IIoT) applications are relied on by 64% power and energy (utilities) companies to succeed with their digital transformation initiatives.
- Industrial products lead all industries in IoT adoption at 45% with an additional 22% planning in 12 months, according to Forrester.
- Harley Davidson reduced its build-to-order cycle by a factor of 36 and grew overall profitability by 3% to 4% by shifting production to a fully IoT-enabled plant according to Deloitte.
According to the NetworkWorld, IDC forecasts the IoT market will reach $1.29 trillion by 2020. Philips is turning toothbrushes and MRI machines into IoT devices to tap this market and to keep patients more healthy and the machines running more smoothly.
“We’re transforming from mainly a device-focused business to a health technology company focused on the health continuum of care and service”, says Dale Wiggins, VP and General Manager of the Philips HealthSuite Digital Platform. “By connecting our devices and modalities in the hospital or consumer environment, it provides more data that can be used to benefit our customers.”
Philips relies on a combination of AWS services and tools, including the company’s IoT platform, Amazon’s CloudWatch and Cloud Formation. Philips uses predictive algorithms and data analysis tools to monitor activity, identify trends and report abnormal behavior.
Read more in NetworkWorld
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