The Four Concerns That Must Be Addressed Before the Internet of Things Can Really Take Off In 2016
By 2020, there will be more than 50 billion of connected devices, according to Cisco, and experts predict that the IoT will have a $3.5 trillion impact on the global economy within the next five years. The question is, is it really going to happen? And shouldn’t we be seeing greater market penetration than we already do?
Sourced through Scoop.it from: www.infoq.com
"The good thing about IoT standards is that there are so many to choose from" 🙂
The situation today in the IoT market is very much similar to the early days of mobile/cellular communication. Entrepreneurs and telcos invested billions in different standards and technologies preventing people from roaming over different states in the US, and making it impossible to roam internationally. In the end, one standard crushed the competition, GSM. Many reasons for this but I believe that the roaming abilities is a major factor, the necessity to travel extensively between the smaller European countries for day to day business.
We will see the same evolution in the IoT. Interoperability is a necessity. Industry groups will continue to push their standards that they have invested heavily in, and where they own the patent rights.
My strong belief is that the winner in this standards battle will be something Open Source. Where no single stakeholders own the right and gathers licensing fees from the application and "things" developers. This extra taxation prevents innovation.
The real killer will be the open source or "free" tech that offers interoperability, "roaming", between standards, releasing the innovation power of the application developers. While still provide necessary privacy and security protection. Interoperability, if not implemented right, will provide a massive security issue.