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Unify communications to grab a piece of the IoT pie: TrendForce

Editorial
article image TRENDFORCE says unifying communication technologies will be key to seizing opportunities in the Internet of Things sector.

TRENDFORCE says unifying communication technologies will be key to seizing opportunities in the Internet of Things sector.

The 2015 IoT market will be valued around US$65 billion, claims TrendForce. IoT solutions will be used for a wide range of applications, including manufacturing, healthcare, smart home, education and more.

Given the specific needs for each industry, no one company will be able to come up with a universal platform that suits everyone. Therefore, to progress in the IoT sector, companies and industry groups will need to collaborate.

All participants must work together to improve areas such as data management and analysis and integration of multiple systems, creating an open ecosystem.

Already, moves are occurring in this direction. IBM, for example, announced that it would invest US$3 billion over the next four years to create a new IoT unit. It also announced a collaboration with The Weather Company to provide weather data to unmanned aerial vehicles, buildings, and smartphones sensors.

Cisco, a major network equipment manufacturer, is also committed to building a strong IoT portfolio. It offers comprehensive solutions for various applications through cloud computing and focuses on implementing advanced data analytics.
Given the necessity of transitioning from IPv4 to IPv6 in order to accommodate for the flood of new connected devices thanks to IoT, companies need to make the transition as smooth as possible and ensure interoperability between different devices.

According to TrendForce, growth of IoT business opportunities depends on the ability to exchange data under a standard communication protocol. In wireless communications, however, there is no generally accepted technology for exchanging data. Bluetooth, NFC, Wi-Fi, ZigBee, and many others are still fighting to become the networking standard.

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