Internet of Things – not there yet

26 February, 2016 - 09:55

Even if there will be 50 billion connected devices in year 2020 (predicted by companies like Cisco and Ericsson), it still doesn’t mean that we’ll have Internet of Things. This was Claus Popp Larsen’s main argument at his webinar held at Acreo Swedish ICT.

Internet of Things (IoT) is at its height of the emerging tech hype cycle. This fact however doesn’t mean that it’s in place. The hype, like any other, is bound to mellow and eventually develop into its true sense – when the connected data is shared between people. And this is what causes the delay of the IoT development, not the technology, but the actual lack of platforms and business models for sharing.

Today we have multiple connected devices in our homes but no mechanisms for sharing, unless everything comes from the same supplier. And the technical devices are tied to different suppliers, which mean separate bills and a numerous amount of remote controls and extra boxes. Having one platform would cut costs, increase the use of natural resources and make life much easier.

To make this happen, Larsen explains, new business models need to be established, models which must be founded on a sharing economy. It requires a whole new way of thinking. This is why Larsen and 24 partners in a Vinnova project are testing this theory of sharing in practice on six different locations in Sweden. Skellefteå in northern Sweden was the first city to present an internationally unique solution for a practical open smart home – a shared platform for digital services in comfort, security, energy and facility management. The platform has been developed by the project consortium, covering the whole value chain. The idea of a smart home is not new, and there are a number of different solutions on the market. Claus Popp Larsen says:

“With other solutions property owners are often forced to sign an exclusive contract with a particular provider, which leads to lock-in effects. Here we have created a platform that allows other service providers to access data and offer services.”

This new way of thinking, taking Internet of Things to the next level will bring new types of services. It will open doors for new ideas and opportunities geared to improve quality of life. Real sharing of data will basically increase innovation, bring more, better, cheaper services and transform business.

“Considering 99% of things today are not connected, the opportunities are unlimited,” says Larsen.

Watch the webinar from February 22: Internet of Things - Why aren't we there yet?

Read more

Urban Life at Swedish ICT