5 predictions for the Internet of Things and M2M industry in 2014
Alright, so I probably should have posted this at the beginning of the year, but hey, we’re only a month in!
I’m going to throw my hat into the ring and offer up a few predications for trends, applications and changes I expected to see in 2014. Please feel free to jump on board and add your own predictions or tell me why I’m wrong! (It’s been known to happen). You can contact KORE on Twitter @KORE_APAC, on LinkedIn at KORE Wireless Asia Pacific.
1. Healthcare Applications will reign – We saw the start of this last year, with the rise of wearable devices, a lot of these were focused towards riding the fitness wave rather than pushing IoT in the medical health space. With applications being developed for remote diagnosis, assisted living, health insurance and proactive care across a range of diseases and conditions, we are going to see a huge uptake in prescription M2M devices and devices used for insurance management.
2. Smart Cities will reach a stalemate due to security concerns – There is some amazing work going on in the Smart City space; power management, security, traffic monitoring and controlled lighting to name a few. With the ups and downs in 2013 from security scandals like the NSA and the rise of “hacking” in the main stream media, we will see the public pushing back just enough to slow the development of the truly breakthrough Smart City applications until 2015 when standards and measures are put in place.
3. Apps, Apps and more Apps – If you look at the device space as being a parallel to the personal computing space you can sort of feel this trend coming. We’ve gone through enough iterations of the base components of M2M devices that we are reaching a standard in terms of size and production cost. The battle is going to move into the “cloud” and be based more around the applications these companies and their customers can deliver.
4. Hungry Devices – With a majority of networks completing their initial LTE rollouts in the latter half of 2013/early 2014 and the first round of LTE based modems and modules on the market, I imagine we are going to start seeing devices that use double or triple the amount of data we are currently seeing. For example a majority of telematics devices can pull huge amounts of data off a vehicle but they are currently focusing on a few key elements and location data to keep margins down and preserve data allowance. With LTE speeds and data rates coming into play we are going to see devices delivering more and more information.
5. Simple and Open will be the trend for 2014 – Watching other spaces in the software industry we are seeing applications becoming more modular and customisable. People seem to want something that works right out of the box, but they also want the ability to be able to customise and build upon the core functionality down the road. Applications that have an excellent core functionality that can be built upon by a community of dedicated developers and fans much like the products coming out from Libelium and Arduino are going to lead the way in new and exciting applications for The Internet of Things.
James is responsible for expanding the KORE brand across Asia-Pacific through advertising, engagement and digital marketing. James comes from a B2B software and infrastructure background having worked on marketing strategies with leading companies from the USA, UK, Singapore, Japan & Australia.
The views and opinions expressed in this blog post are sole property of the author and do not reflect the opinions of KORE Telematics or KORE Wireless Group unless specifically stated.