IoT Market Forecast At $11 Trillion, Report Finds - InformationWeek

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IoT Market Forecast At $11 Trillion, Report Finds
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larryloeb
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larryloeb,
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7/1/2015 | 8:54:36 AM
Re: IoT Market Forecast At $11 Trillion, Report Finds
oh, I remember about Cisco. Very much so.

And not fondly. Glad to see the CEO get booted
Joe Stanganelli
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Joe Stanganelli,
User Rank: Author
6/30/2015 | 11:23:36 PM
Re: IoT Market Forecast At $11 Trillion, Report Finds
While I totally agree that a healthy dose of skepticism is warranted here, it's worth noting that Cisco has placed a LOT of chips in this basket.  The 50-billion-by-2020 figure is synonymous with their name and their brand now -- so imagine the egg on the company's corporate face if that figure winds up being a significant overestimation.

The fact that they -- and the rest of the industry -- are pressing full steam ahead with that figure says something about their confidence, at the very least.
Joe Stanganelli
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Joe Stanganelli,
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6/30/2015 | 11:21:42 PM
Re: IoTrillion
They sure aren't ready right now.

All off these projections about connected devices that companies like Cisco keep throwing at us...They are less prognostication and more marketing -- betting on a self-fulfilling prophecy.
larryloeb
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larryloeb,
User Rank: Author
6/30/2015 | 10:53:43 PM
Re: IoTrillion
So very,very true. Backends are going to fail in new and interesting ways, I think.

Just compressing data streams may not help, becuase you have to spend the mahcine cycles to uncompress it on the fly. It may well be that the net will generate a pseudo-DDoS on nodes from just not being able to process the data.
Joe Stanganelli
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Joe Stanganelli,
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6/29/2015 | 11:25:09 PM
Re: Like Lemmings
And not even the routers... Many IoT devices still, unfortunately, are based on outdated embedded systems with connectivity patchworked in, making them highly vulnerable -- and we see this even in industrial SCADA systems.

Sad.  Scary.
Joe Stanganelli
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Joe Stanganelli,
User Rank: Author
6/29/2015 | 11:23:35 PM
Re: Like Lemmings
That's one of the benefits of effective IoT technology though with smart sensors...  Sensors that can parse out the useful data from the "noise" on site so that the data you get back is filtered and you don't have to deal with a lot of the useless junk on your own primary systems.
Joe Stanganelli
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Joe Stanganelli,
User Rank: Author
6/29/2015 | 11:22:34 PM
IoTrillion
To speak of the big T number when it comes to IoT, according to presenters at LiveWorx last month here in Boston, ThingWorx anticipates that in ten years, there will be a trillion connected devices (and, for that matter, over half a billion apps to support those devices and justify their value).
larryloeb
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larryloeb,
User Rank: Author
6/29/2015 | 8:18:17 PM
Re: Like Lemmings
I agree.

Actionable and usable insights always take effort (and hence cost) to emerge from the raw data.

Like big data analysis, there is a cost to getting those insights.

 

 
Thomas Claburn
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Thomas Claburn,
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6/29/2015 | 6:51:16 PM
Re: Like Lemmings
IoT will generate a lot of new data. But translating that data into information that can drive action has a cost. And it remains to be seen whether that cost will be worth it broadly or only in specific circumstances.
larryloeb
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larryloeb,
User Rank: Author
6/29/2015 | 5:48:54 PM
Re: Like Lemmings
Any time some field opens up, some consultant makes rosy estimates. It's to be expected.

People who have to acutally do it don't forget the problems.

As far as I could see, the problem of someone hacking all the IoT routers was never even considered, for example.


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