Smart Home clearly stands out, ranking as highest Internet of Things application on all measured channels. More than 60,000 people currently search for the term "Smart Home" each month. This is not a surprise. The IoT Analytics company database for Smart Home includes 256 companies and startups. More companies are active in smart home than any other application in the field of IoT. The total amount of funding for Smart Home startups currently exceeds $2.5bn. This list includes prominent startup names such as Nest or Alert Me as well as a number of multinational corporations like Philips, Haier, or Belkin.
The Internet of Things is new revolution that will change the perception of next generation reality of human life and its development in handling and controlling many objects that we come across in our daily life, IOT is bridge and medium using Internet and connecting various objects which we rely on to make our life's simpler.
IOT provides endless solution to very common problems that we face in handling our daily objects, its ability starts with monitoring, controlling and suggesting the way we lead with our day to day activities with various objects in our life.
IOT has various applications which monitor and control smart objects through connected network.
- 1. Smart Home/connected home
- 2. Smart Security systems
- 3. Wearable's
- 4. Smart Health tracking
- 5. Connected transport systems
- 6. Smart Surveillances
At Neoschip we are working on IoT enhanced devices for smart home and smart gadgets, our aim is to provide complete end to end solution to some of the common problems that we face in our daily life.
IoT: An advantage of widespread network of connected objects.
Today we are in the early stages of IoT, and the reality of its existence is happing now with widespread application. IoT is growing curve and product service companies already on the path to leverage its benfits.
While IoT is rapidly moving into mainstream but many issues still need to be sorted out. Connected devices send and receive data through the network relating to a variety of physical characteristics - temperature, moisture level, pulse rate, light level, velocity or revolutions per minute - as well as more complex data such as maintenance requirements, sounds, and static or moving images. Data security, data is shared among connected devices and privacy is at most important aspect that needs to be handled in correct way.
Today many companies are focusing on IoT and trying to understand how they can leverage IoT-related technologies.
By 2020 Internet of Things will be on mainstream revenue generation for many companies
Though IoT is booming and it's not complete without proper advancements in technology. The sensors, networking chips and other technology required to connect to the Internet devices ranging from light bulbs to smart watches to industrial equipment have all become inexpensive.
Wearables remains a hot topic too. As consumers await the release of Apple�s new smart watch in April 2015, there are plenty of other wearable innovations to be excited about: like the Sony Smart B Trainer, the Myo gesture control, or LookSee bracelet. Of all the IoT startups, wearables maker Jawbone is probably the one with the biggest funding to date. It stands at more than half a billion dollars!
Smart city spans a wide variety of use cases, from traffic management to water distribution, to waste management, urban security and environmental monitoring. Its popularity is fueled by the fact that many Smart City solutions promise to alleviate real pains of people living in cities these days. IoT solutions in the area of Smart City solve traffic congestion problems, reduce noise and pollution and help make cities safer.
Smart grids is a special one. A future smart grid promises to use information about the behaviors of electricity suppliers and consumers in an automated fashion to improve the efficiency, reliability, and economics of electricity. 41,000 monthly Google searches highlights the concept's popularity. However, the lack of tweets (Just 100 per month) shows that people don't have much to say about it.
The industrial internet is also one of the special Internet of Things applications. While many market researches such as Gartner or Cisco see the industrial internet as the IoT concept with the highest overall potential, its popularity currently doesn�t reach the masses like smart home or wearables do. The industrial internet however has a lot going for it. The industrial internet gets the biggest push of people on Twitter (~1,700 tweets per month) compared to other non-consumer-oriented IoT concepts.
The connected car is coming up slowly. Owing to the fact that the development cycles in the automotive industry typically take 2-4 years, we haven�t seen much buzz around the connected car yet. But it seems we are getting there. Most large auto makers as well as some brave startups are working on connected car solutions. And if the BMWs and Fords of this world don�t present the next generation internet connected car soon, other well-known giants will: Google, Microsoft, and Apple have all announced connected car platforms.
Connected health remains the sleeping giant of the Internet of Things applications. The concept of a connected health care system and smart medical devices bears enormous potential (see our analysis of market segments), not just for companies also for the well-being of people in general. Yet, Connected Health has not reached the masses yet. Prominent use cases and large-scale startup successes are still to be seen. Might 2015 bring the breakthrough?
Proximity-based advertising as a subset of smart retail is starting to take off. But the popularity ranking shows that it is still a niche segment. One LinkedIn post per month is nothing compared to 430 for smart home.
Supply chains have been getting smarter for some years already. Solutions for tracking goods while they are on the road, or getting suppliers to exchange inventory information have been on the market for years. So while it is perfectly logic that the topic will get a new push with the Internet of Things, it seems that so far its popularity remains limited.
Smart farming is an often overlooked business-case for the internet of Things because it does not really fit into the well-known categories such as health, mobility, or industrial. However, due to the remoteness of farming operations and the large number of livestock that could be monitored the Internet of Things could revolutionize the way farmers work. But this idea has not yet reached large-scale attention. Nevertheless, one of the Internet of Things applications that should not be underestimated. Smart farming will become the important application field in the predominantly agricultural-product exporting countries.