Security is another challenge to consider as we network more and more devices. Networks that were once closed are evolving to the IoT and connecting to the outside world, making them more vulnerable to hackers. To combat this, operators need to uphold stricter encryption standards than ever before. IEEE802.1AE "MACsec" security standard, for instance, sets a precedent for efficient, scalable, and affordable Layer-2 encryption. Since anything with an IP address is theoretically hackable, we can expect operators to rely heavily on this standard to overcome the threat of security breaches.
I agree to the comments made on Home Automation Products. A lot of hype was created by new technologies such as Fuzzy Logic, Neural networks and so on . But the basic functionality of the Home automation products - Washing machines, refrigerators, air conditioners , microwave ovens had not changed much and the users normally forget all those jazzy words they heard while making a buying decision and even don't even refer to the manuals once the machines are installed into their homes.
So IOT related appliances will become popular only when they do something unique on their own and not just some value addition to the existing functinality.
If using IOT I am able to find out if my neighour's fridge has the things I need urgently then that will a great help in the midlle of the night! ( LOL)
>> what strikes me in this discussion that technology component is rather small piece of the puzzle...how to put it together is a real question..
Kris: True. I think that shifts the valuable skills of tech people more towards rapid prototyping/development , and understanding of users and business to "feel" how technical decision would impact the "whole" and to rapidly try, with low cost of failure , many combinations of that "whole".
Ageed Alex...there are hundreds of interesting projects, big and small, that can utilize IoT in a very useful manner...in some federal government might have to be involved, in some state or municipal, and some could be just private...what strikes me in this discussion that technology component is rather small piece of the puzzle...how to put it together is a real question...smart grid infrastructure which is kind of IoT project takes several years to be designed and build...Kris
1. Wireless nets,clouds etc, which the private sector can handle just fine.
2. Things that directly relevant to public services, like the trash sensor example.It helps munipalies directly , so they should bbe involved.
3. Things like the weather sensing network(with regards to the specific case, pressure sensors in mobile phone could manage this, google pressure.net) and even if it . Another such example could be pollution sensing, but it seems that currently the are a few pollution sensors deplpoyed , and there's a new startup doing sensor interpolation to get street level pollution estimates. Another such example would be parking sensors - which have dispered benefits , but the company(streetline) probably found a way to market those to cities with the city management itself benefiting.
My general guess is that there are creative ways to deploy many of those innovations while keeping everyone happy with "large government" .
Alex, more time and work is clearly needed...probably some innovation and investment too...some of these IoT projects are so large (like weather forecast example I cited) that governments could be involved, I wonder what people think about government involvement in building IoT infrastructure?
Krisi, in order to get a sense of savings due to IOT let's look at 2 examples
1. Using connected sensors in garbage containers, trash collection routes can become 30% more efficient.
2. Using sensors in greenhouses, crops would take 1/3 less time to grow according to recent research.
Just looking at these two examples and the weather example you mentioned, and extrapolating, it seems likely that IOT's value is more than a trillion dollars globally, maybe much more. This is of course value to the economy, value to IOT creating companies is different and depends more on competitive effects. But still that's lots of money and potential.
Agree...lots of hype...but billions or trillions of sensors connected will be useful...local, accurate weather forecast would have a tremendous value, just measure pressure, temperature and humidity and do some calculations in real time....people, farmers, airlines etc will pay millions for such a service...this is just an example...nothing to do with wearable, smartphones etc...someone needs to figure out IoT value
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.