There is room for even more hype
2014 saw the term peak on the Gartner Hype Cycle, but to be honest, I can only see the excitement and expectations increase.
The reason? Even after trying to spread the word in innovative ways, e.g. the Internet of Things Comic Book, I still feel that only a small proportion of people, organisations and governments have fully understood how big a change the Internet of Things will bring.
How big you ask?
Postscapes, one of my favourite blogs – tracking the Internet of Things – has a nice list of studies about IoT market size forecasts: http://postscapes.com/internet-of-things-market-size
What each of those reports has in common is the word “trillions”. They disagree about when and exactly the digits in front of the word “trillions”, but even the smallest trillion per year is enough market space for new multi-billion dollar (or maybe euro, yuan or ruble) companies to emerge and existing companies to register unprecedented growth.
From Research to Innovation
So according to Gartner, 2014 is the proclaimed year of ultimate hype for the Internet of Things. I would rather say it is the year that the Internet of Things has grown up and to be taken seriously. I have worked in the field for over 12 years now. And I have to accept that the Internet of Things is not exclusive to research anymore, but it is ultimately on the path of commercialisation.
This does not mean that I need to find a new research topic – there are many unanswered questions – it means that research is now more and more driven by industry.
A need for a global discussion
This is the reason why I have jointly with 12 other founding members started the IoT Forum – a place to exchange knowledge between research and industry. The IoT Forum organises an annual IoT Week in Europe and joins up with international events to spread its message.
In the wake of the Shanghai IoT Week the European Commission with the support of the EU China Trade Project II is organising a series of cooperation sessions on E-Health, Connected Vehicles, Smart Agriculture and Smart Cities from 28 till 30 October in Shanghai. These sessions will be kept interactive and are very much targeted at companies, practitioners and applied researchers to help them achieve more in concrete market-based cooperation with China. Organising these sessions concurrently with the IoT Week will allow participants to benefit from a significant, 1000+, industry presence.
You are invited to join.
Chair of the IoT Forum