What it will take for IoT to grow
After I read Brian Bailey’s IoT semiconductor design article, IoT Myth Busting, I thought of Prince’s song 1999, in particular, the line:
“So tonight I’m gonna party like it’s nineteen ninety-nine.”
Most IoT applications are prototypes and proof of concepts (PoC) designed to justify enterprise budget increases and follow-on venture investment rounds. Unless we return to and party like it is 1999 when telecoms over-invested in capacity ahead of demand, the telecom carriers are not going to build the new fog and edge networks that IoT needs to grow ahead of demand. At this stage, we would have to see a return of the irrational exuberance, a term coined by Federal Reserve Chairman Alan Greenspan, used to describe the over investment and over valuation during the dot-com bubble.
The telecoms will productize 3G and 4G services customized for IoT also categorized as machine to machine (m2m,) enabling prototypes and PoCs. They will wait for the IoT market to grow before investing in the more efficient and IoT purpose-built fog and edge networks. But if telecom providers are not good predictors of IoT, what are? Read more…
