Thursday, April 19, 2018

Global IoT market and competing standards .

The global IoT market, as per a McKinsey report, quoted by Washington Post in 2016 says that by 2025 AD, just seven years from now, will have an annual impact of $ 11 trillion, ie. $ 11,000,000 million, (INR 715 lakh crores or INR 715,000,000,000,000) .., almost 10% of global GDP.

IoT is the most happening thing, as it moves from sensor based smart city planning (Singapore city project being implemented by Tech Mahindra), sensor based condition monitoring of infrastructure to healthcare to drought prediction and management etc, the scope is endless and vast .. 

The status of the global IoT h/w and s/w competing standards and it's impact on India is an interesting field to watch. Samsung is trying to dominate some sectors while Siemens and GE would definitely be interested in a share of the pie..

Open Connectivity Foundation (OCF) (click here)

The Open Connectivity Foundation (OCF) is touted as an open IoT standards group to unify standards, expedite innovation, and “create IoT solutions and devices that work seamlessly together,” according to a press release. Founding members include Microsoft, Cisco, Electrolux, General Electric, Intel, Qualcomm, Samsung, ARRIS, and CableLabs, who will work together to create specifications and protocols to ensure devices from a myriad of manufacturers work in harmony.

Click here for IoT  standards and Protocols

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