Recently in Boston I was honored to present at the Innovation Summit for IoT. I enjoyed meeting with and getting inspired by some of the pioneers and innovators in the Internet of Things.
My talk, Connecting the World with ARTIK Cloud, discussed the opportunities that are available for developers wishing to build the next innovative IoT solution.
The IoT market is increasing, and eventually every part of our lives will be connected. By 2020, it is estimated that there will be 25 billion “connected” devices in the Internet of Things space. McKinsey Global Institute estimated in 2013 that the global economy will be impacted by the IoT sector expansion more than $6 trillion by 2025.
With more devices being created comes a substantially increased need for more developers to build out solutions. Startup funding in IoT has doubled within the past 6 years. Funding continues to grow, and there are still problems to be solved.
Below are some key sectors that are creating opportunities.
The smart home marketplace has been experiencing, by far, the most growth and expansion. With startup funding for smart homes at over $2.5 billion, there are more companies involved in developing smart home solutions than in any other sectors. Although there are many smart home solutions, there is also opportunity to build out services to provide a more connected experience.
This is where ARTIK Cloud comes into play: providing interoperability between devices and services, allowing you to connect anything and break down silos.
Peter Ma, a participant in our ARTIK Cloud Challenge, built Face Lock, a smart deadbolt system using ARTIK Cloud and a RealSense camera. When a user walks to the door and the RealSense camera facial recognition matches the owner, a message is sent to ARTIK Cloud, which then triggers a signal to Intel Edison (attached to the deadbolt) to open the door.
Smart Communities and Cities
One team at the SEMICON West Industrial IoT Hackathon built a smart city solution which consisted of sensors attached to a Pokémon Go user, alerting them if they were in danger of walking into something.
When we think about smart city solutions, we are not just focusing on solutions to ensure that there are fewer pedestrian accidents while walking around cities. There are several other use cases in the space, ranging from waste management to transportation as well as environmental monitoring.
There is a need to automate city services to respond to the comfort levels, movements, activities, and interests of thousands of people at once.
Our ARTIK Cloud Challenge participant Amole Disale had built a smart city solution which optimizes waste collection and reduces fuel consumption for garbage trucks. Sensors are installed on the lid of the garbage container to measure the temperature of the container and if a dumpster is full. The sensor data is transmitted to ARTIK Cloud to inform the waste management company of the status.
Industrial IoT (IIoT) has the potential for tremendous profit. Gartner and Cisco have rated IIoT to “have the highest overall potential”. Manufacturers are looking for automation of machines, improvement of processes, and detection of issues with machinery.
We already have the ability to track goods while they are in transit. The ability to track packages in the mail or track inventory information in a warehouse has been on the market for years. What else is happening in the space?
iRobot, Momentum Machines, and Groundswelling each provide IIoT solutions that are focused on increasing production and efficiency in a manufacturing environment. And in my hometown of Boston, Rethink Robotics provides intelligent robots for multiple tasks such as manufacturing assignments and packaging. They received $26.6 million in series D funding in 2015 to expand their intelligent robots globally.
At the SEMICON West Hackathon, our Grand Prize winner ServiceIoT solved one of the major pain points in IIoT: detecting issues with machinery to make sure it is working properly. ServiceIoT used a chatbot to monitor and troubleshoot the machines. Sensor data is sent to ARTIK Cloud, which stores the data for querying data from the chatbot. If there is an issue with the machine (such as a high temperature reading), an ARTIK Cloud Rule has been created to send a notification to the chatbot to communicate with the operator that something went wrong.
Connected Health (Digital health)
IoT startups are developing around new applications within healthcare. By leveraging connected devices and sensors, they are able to manage patient treatment with realtime monitoring and alert and diagnosis capabilities.
Our Hackster participant built a fever temperature controller that sends temperature sensor data and humidity sensor data to ARTIK Cloud. This information is then emailed to the doctor if there is a change in temperature and humidity.
About ARTIK Cloud
At Samsung ARTIK Cloud, we offer developers a wide range of SDKs and tools to simplify the process of building IoT solutions. We solve the problem of silos by allowing true interoperability between devices and services.
Interested in trying out our platform? Sign up for a developer account and connect the world. We look forward to seeing what great solutions you can build!