Richard Alexander explains why the Internet of Things (IoT) is so much more than fridges that tell us the milk has gone bad, or that you’re running low on eggs - and what its sheer scale means for vendors and service providers.
To truly grasp the scale of IoT, you need to take a step back and look at what the Internet looks like today from a device connectivity standpoint. It's estimated there are between 9 and 10 billion connected devices today, made up mostly of the Apple devices I have floating around my pockets and wrists, some desktops/laptops that we use to look busy, and a small portion of the new industrial and consumer products we count as ‘things’. Getting these billions of devices online has taken the 45 years the Internet has been alive – which works out at around 608,828 devices hitting the net per day over that time. Conservative predictions for the Internet of Things suggest that there will be 50 billion devices connected by 2020, which works out at another 21,917,808 devices per day for the next five years. That gives you an idea of the scale of the Internet of Things, but it is also important to understand the nature of these devices, or ‘things’.
So, what will they be? Well there will be some fridges (and kettles, light bulbs, microwaves, and all manner of household devices), but the nature of IP means that we can connect anything at all. Lets give a few examples:
Some businesses are already taking advantage of IoT – I know of a supermarket, for instance, which is using smart displays to track stock levels and sell by dates, and to ensure items are displayed in their most “likely to be bought" positions.
That is a quite specific and limited application, and the full opportunity for business is massive. The potential to gather and act on insight from IoT is almost endless – but it is so big that specialist support and services will be required:
The picture below gives a great summary of the technological and skills challenges and opportunities inherent in IoT.
Make no mistake, the challenge for vendors and service providers is significant. The task will be to provide the infrastructure and expertise required to seize the opportunity inherent in IoT – while helping their clients to secure their communications: man-to-machine and machine-to-machine; to protect their data; and, most important, to protect their users.