7 Takeaways from Internet of Things World 2019
… in systems integration today,” says Brumer. “Someone has to help cities, enterprise organizations and government entities put together capabilities using a variety of partners, innovations and standards from a variety of companies, including hardware makers, carriers and ISVs.”
In addition to performing the basic systems integration work, partners have plenty of opportunities in other areas as well. At a base level, there’s a tremendous opportunity for third parties to install sensors, actuators and access points so new devices can be connected to the internet. Moving up the stack, there are billions of dollars in opportunities awaiting partners who can monitor, manage and secure these devices. Finally, there will significant wealth to be made in helping customers put their data to use.
One company that does just that is TensorIoT, a California business with offices in Chennai, India. TensorIoT was founded by Ravi Raghunathan, a former AWS engineer. In addition to helping customers with edge computing needs, TensorIoT also helps customers better understand how to leverage the data at their fingertips.
“We hired data scientists so we can address our customers’ most pressing needs,” says Raghunathan.
The Edge Is Where It’s At
IoT is driving significant interest in edge computing. The reason is simple: It’s simply not cost-effective or technically feasible to process IoT data in real time at a remote data center. To reduce latency to say, 10 milliseconds or less, data must be processed locally, experts agree.
This is especially true of industrial IoT solutions used in remote settings. Think oil and gas, transportation, construction and defense.
Here’s how Seth Robinson, senior director of technology analysis at CompTIA, sees it:
“Just as previous eras of industry were driven by the creation of railroads, telephone networks and power grids, the modern digital economy rests on a foundation built in three parts. First is cloud computing, a model that brings greater flexibility and control to IT activities. Second is edge computing, which extends the principles of cloud computing from a centralized location to the places where data is being captured. Finally, 5G networks provide fast and robust connections between each node. Each one of these areas on its own provides opportunity for a company to innovate; taken together, they signal a new way of thinking about IT applications. Today, most businesses likely have the greatest amount of experience with cloud computing, but that experience has still been centered around porting existing applications to a cloud provider. True transformation starts with rebuilding applications to take advantage of cloud computing’s unique properties, and this transformation will accelerate as those applications also factor in the location awareness of edge computing and the dynamic capabilities of 5G networking. Fully evolved applications will be the mechanisms for new economic activity, and IT skills will likewise evolve to support the new structure.”
Big Business Has Great Hopes for the IoT
A decade ago, executives including then Cisco CEO John Chambers were extolling the virtues of …