Keep in mind that the consensus forecast is a SURVEY. This forecast is in-line with most other predicitons. They also have other reports which were right on. They were first predicting a double digit decline for 2008. They were first prediciting an increase of more than 90% for 2010. The "wild card" for 2012 are Samsung (mainly), and maybe TSMC, Intel and Hynix.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.