The Internet of Things marketplace has big-name players—Intel IoT, IBM Watson, SAP, GE, Google and many others. The market potential for all companies is predicted to be enormous. According to Gartner, IoT vendors will earn more than $309 billion by 2020, with most of those earnings coming from services. As a solution provider, you probably have existing relationships with many of the leaders. But the IoT market is the wild west, and a crop of lesser-known IoT companies are stepping into the game, making headway in vertical ecosystems.
Hands-free technology is on the rise in industrial applications, as it quickly connects workers with pertinent information in a matter of seconds. Even though the creation and application of smart glasses isn’t particularly new, private partnerships have led to the development of smart glasses that can transform daily operations in the workforce while decreasing operational costs and increasing worker productivity.
One of the biggest inhibitors to a good night’s rest is technology—illuminated screens, social media distractions before bed and late-night gaming are all culprits to sleep deficit. But now, IoT devices are helping consumers catch more zzz’s. In fact, sleep technologies are changing the landscape of sleep health and clinical sleep medicine, according to a recent study in the Journal of Clinical Sleep Medicine.
The IoT promises exciting new business models that are as compelling as the benefits of reducing costs and improving efficiencies. By leveraging your ecosystem and re-imagining your business, solutions providers can take advantage of a market that is changing everything.
Airports are often buzzing with a high amount of human foot traffic, and sometimes surprise visitors can be found around airport terminals, such as adorable airport therapy dogs. Now several airports are employing a new kind of assistance. Robots are bringing extra “people” power to answer travelers’ inquiries and concerns, and they can dance and play games to lighten the often chaotic mood of airports.
The challenge with any fast food restaurant is to serve a large volume of customers in the fastest, most efficient way possible. Habit Burger Grill overhauled its aging ordering system and moved to Intel® IA-based tablets, while Wienerschnitzel developed an IoT mobile line-buster tablet. Both systems make ordering and payment as quick and easy for the staff as making French fries.
Attracting customers to coupons and promotional items as they stroll through a retail store has reached a new level of accuracy with IoT lighting solutions. With the newest generation of lighting from companies such as Philips Lighting, stores can precisely identify the location of in-store shoppers, giving marketers the ability to deliver highly targeted, location-based offers on the spot.
IoT-enabled devices and solutions applied in the healthcare setting are improving bedside safety, increasing patient satisfaction, reducing overall costs and more. One company going all-in on IoT-enabled monitoring is Wachter. This leading U.S. designer, integrator and service provider of power and technology systems has developed a cutting-edge Virtual Patient Observation System (VPOS) solution.
Intel’s acquisition of Mobileye for an eye-popping $15.3 billion is still not a surprise given the importance of automobiles as the next technology innovation platform. Specializing in making sense out of visual data with the goal of making driving safer and eventually autonomous, Mobileye has been focused on automotive safety for 17 years. Once again Intel has made it clear that it sees automotive systems as a critical part of the IoT.
Even though finding the perfect home can be a long (and often expensive) process, the rise in 3D printing of homes could be the solution, as several 3D homes have been constructed in 48 hours or less. Printing in 3D originally began as a mechanism for creating small replicas of various products and objects, such as 3D models of organs for medical research and health care delivery. But now it is drastically revolutionizing the housing, construction and automobile industries.