Welcome!

Mobile IoT Authors: Pat Romanski, Liz McMillan, Yeshim Deniz, Zakia Bouachraoui, Elizabeth White

Related Topics: @ThingsExpo, Mobile IoT, Containers Expo Blog, Agile Computing, @CloudExpo, @DXWorldExpo

@ThingsExpo: Blog Feed Post

@ThingsExpo | Google and Samsung Lead IoT Land Rush [by @AriaSystemsInc]

The Smart Home is but part of the emerging trend toward the Internet of Things

Google’s and Samsung’s Smart Home Deals Lead the Internet of Things Land Rush
By Marie Martin

If you’re like me – with my busy schedule and all – it’s easy to forget things, especially when I am in a rush to get out of the house for work or for some critical appointment.

Usually my mind is fixated elsewhere. I invariably have to ask myself whether I’ve switched off the iron or whatever appliance I happened to be using before I left. Oh, and did I lock the door?

Somebody could make a million bucks if they came up with a device that remotely shuts down any appliance large or small (not to mention the lights), and makes sure everything is locked up. Oh, wait! Somebody already has.

IoT

Such devices and connected technologies exist today, and the sector is driving the leading edge of the Internet of Things under the label of the “Connected Home” or “Smart Home”. Fact is, some pretty traditional low-tech concepts are becoming technology-enabled, such as/including locking doors, turning on the lights, heating the home, etc. What this means is that technology companies are broadening into areas that have historically been outside of their business plans. Apple is in the fitness business. Google is in the heating business. Samsung is in the appliance business. Others include cable TV and Internet provider Comcast, and the Schlage-brand lock maker Ingersoll Rand.

By itself, the U.S. Smart Home market, already generating around $14 billion in sales, is going to jump to $39 billion by 2019. That’s according to a recent forecast by market research firm Strategy Analytics. This technology tsunami represents a major market opportunity for service and technology providers over the next five years.

The market could be worth billions and billions of dollars when properly monetized. And that’s just in the U.S. Why do you think Google purchased Nest back at the beginning of the year for $3.2 billion? Google’s not done yet. It recently followed on its Nest deal with a $555 million purchase of Dropcam, which is developing sticky pads tied into a network that can relay notifications when your door, gate or window flies open. Google is thinking about the big picture here. And it’s motoring into position for a race that it wants to win.

In early August Samsung plunked down $200 million to purchase SmartThings, which builds a “smart hub” that allow users to monitor, control and automate all of their appliances and devices at home. It followed up that deal a short time later with yet another deal, the purchase of home and office air conditioner distributor Quietside.

Just imagine: IoT devices monitoring your air conditioner, regulating temperature and keeping track of how the motor and compressor are running, and if something goes wrong, the same devices call in a repairman with a checklist of what’s to be done. And then send you an invoice to your smartphone.

Like I said, the Smart Home is but part of the emerging trend toward the Internet of Things. Here at Aria, we’re seeing similar advances in connected cars and smart health.

In a few years, just about every touch point in our day-to-day lives will have a digital as well as physical component. Morgan Stanley extrapolates Cisco Systems data to predict that there will be 9.4 devices out there for every person, or an eye-popping 75 billion devices.

The IoT lift-off has already occurred, and the launch is accelerating right before our very eyes. In 2014, 100 “things” are connected to the internet for every second of every hour of the day. By 2020, that number will jump to 250 “things” per second.

But it doesn’t come free. We’ll have to pay for all of this. That’s why monetization platforms will underpin the IoT economy. It will be no small task to keep up with monitoring, measuring, metering and provisioning services from the vast number of devices tied into the global network.

And it doesn’t end there. There’s going to be hundreds of millions, if not billions of dollars, made from new technologies that secure these smart networks from intruders, and to tie all of these disparate, proprietary systems into a cohesive fabric with middleware that will make it all run smoothly with a high level of privacy and security. The market possibilities are endless ─and enormous. There are dozens of next-generation Apples, Googles and Microsofts waiting to be born. It’s too big to pass up.

You in? I’m in! And not because I work at Aria, who’s already helping companies monetize these tremendous opportunities in front of them. I’m in because I expect the IoT to work for me too – even if it costs me good money to shut down to shut down appliances like my curling iron once I’m out the door.

Marie Martin

The post Google’s and Samsung’s Smart Home Deals Lead the Internet of Things Land Rush appeared first on Recurring Revenue Blog | Aria Systems.

More Stories By Aria Blog

The Aria blog is the place for news, commentary and discussion on monetization, agile billing and IoT. We cover a variety of topics including forces of market disruption, the Monetization of IoT, billing best practices, trending news and what monetization will look like in the future. Our hope is that you’ll become better informed, be entertained and in turn share your thinking, ideas and comments.

IoT & Smart Cities Stories
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of San...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...