Revenues from products and services involved in analytics related to the Internet of Things are poised to reach $5.7 billion this year, according to data released this week by ABI Research. That includes solutions involved in analysis, integration, and presentation of IoT data, according to the firm.
ABI Research IoT practice director Dan Shey in an announcement disclosing this forecast mentions that Cyberlightning, with its 3D visualization technology; ParStream, with its geo-distributed architecture; and Peaky, with its software-defined data access, seem to be on point in addressing end user problems on this front. Incumbent players Datawatch, Informatica, Software AG, and Splunk, he adds, also are among the players in this space that are well positioned to grab hold of this expanding opportunity.
Analytics is, of course, the key to the Internet of Things and machine-to-machine communications. Communication enabling devices of all sorts and gathering data from them is clearly part of the process, but that exercise doesn’t create results unless organizations have a clear business plan as to what they’re trying to accomplish and the tools to enable them to analyze the collected data to reach that goal, and potentially define others.
Whatever the specific goals, however, many of the world’s leading companies believe that analysis of data from connected things has the potential to improve their businesses and change the world. For example, Mark Bartolomeo, head of IoT Connected Solutions at Verizon, recently commented that IoT has the potential to transform such industries as aviation, energy, health care, and rail.
And leading carriers such as AT&T and Verizon are working with other major companies, such as General Electric, to enable solutions that will help GE and many other businesses become more efficient via the Internet of Things. For example, GE is pushing its Predix value-added services, which include remote monitoring, diagnostics, and the ability to resolve maintenance issues virtually anywhere in the world.
Meanwhile, Cisco is working with Sensity and that company’s Light Sensory Network platform to move forward its City Infrastructure Management solution. As a result, Cisco has a common set of sensors, embedded analytics and back-end data structure from which it can enable parking applications, traffic management, retail analytics, and security.
Of course, these are just a few examples of how communications infrastructure suppliers, network operators, and leading companies in other verticals are leveraging IoT and analytics to realize the benefits of the Internet of Things and M2M.
Everyone is talking about M2M and the IoT. If you want to learn more about the strategies you can implement today, hear case studies and get insight from the leaders and innovators in this space, be sure to register and attend M2M Evolution Conference & Expo taking place January 27–30, 2015 at the Miami Beach Convention Center. Stay in touch with everything happening at the event -- follow us on Twitter
Edited by Maurice Nagle