Growth of the IoT landscape: Supporting technologies, platforms and business models
Featuring Joshua S. Markham, Technical Consultant
The growth curve for IoT is in a healthy growth state of 15-20% CAGR. While spending in the sector will also grow, some companies have yet to enter the fray, or will absolutely have to enter the connected IIoT world in order to stay competitive.
To enable this growth, large platform vendors have created several tools and services in the market focused on the Internet of Things enablement.
These platforms and services have been primarily adopted by those industries where there was a natural business case. i.e. Utilities, Oil and Gas and some OEMs. These verticals can purchase scale and have large IT staffs to build their own.
The next wave of industries and medium businesses will have an easier path to a customer facing offer. They will be able to leverage the existing tools to build their own expertise in this IoT space, but they need the right business case in order to make it work. For this discussion we will look at sample architectures, roadmaps, lessons learned from real deployments and building the supporting business case to get to a business model that will support the investment and service going forward.
About the speaker:
Joshua Markham is a technical consultant for several industries spanning manufacturing, retail/hospitality, healthcare and Fortune energy companies and has done so for over a decade. His technical designs include IIoT (Industrial Internet of Things), security, workflow automation as well as SCADA and AMI merging hardware, software, networking and cloud technologies.
Joshua’s MBA and time in Finance at Verizon enables him to help customers build new business cases for non-traditional machines such connected trash cans/compactors, connected artificial lifts, SCADA, AMI, Pipeline and well head monitoring. He has also consulted with major automobile manufactures for security around the connected car and oil and gas companies to encrypt radio communications to disrupt pirating efforts off the coast of Africa.