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The future of cloud native app delivery is here: what you should know. The Programmable Telco Digital Symposium. Locating equipment quickly can mean life or death in a hospital.
In the new age of energy efficiency, automation will quickly become the new normal. As energy companies look for new ways to automate the metering process, M2M comes to the rescue, helping energy companies automatically gather energy consumption data, so they can accurately bill customers.
Smart meters can track how much energy a household or business uses and automatically alert the energy company, which supplants sending out an employee to read the meter or requiring the customer to provide a reading.
This is even more important as utilities move toward more dynamic pricing models, charging consumers more for energy usage during peak times. A few key analysts predict that soon, every object or device will need to be able to connect to the cloud.
This is a bold but seemingly accurate statement. As more consumers, users, and business owners demand deeper connectivity, technology will need to be continually equipped to meet the needs and challenges of tomorrow. This will empower a wide range of highly automated processes, from equipment repairs and firmware upgrades to system diagnostics, data retrieval, and analysis. Information will be delivered to users, engineers, data scientists, and key decision-makers in real time, and it will eliminate the need for guesswork.
Growth in the M2M and IoT markets has been growing rapidly, and according to many reports, growth will continue. Strategy Analytics believes that low power, wide-area network LPWAN connections will grow from 11 million in to 5 billion in Intel , PTC , and Wipro are are all marketing heavily in M2M and working to take advantage of this major industry growth spurt.
But there is still a great opportunity for new technology companies to engage in highly automated solutions to help streamline processes in nearly any type of industry. However, as the cost of M2M communication continues to decrease, companies must determine how they will create value for businesses and customers. Cell carriers and hardware manufacturers, for example, are beginning to look into full-stack offerings that enable M2M and IoT product development.
We strongly believe value lies in the application side of things, and the growth in this industry will be driven by smart applications from this point forward. Instead, they should focus on optimizing their business models or providing new value for their customers.
How much does it cost to implement? Will it actually target the right audience?
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