There certainly is a lot of interest in the M2M market. But what we are seeing is only what is happening on the surface. Most of the M2M activities are taking place unnoticed. For example, all new electronic devices are now M2M devices. Tens of millions of smart meters have already been deployed by the electricity industry, with literally hundreds of millions of them in the pipeline. Healthcare is another key industry. All new hospitals now operate large-scale M2M operations, tracking their equipment with real-time information. Most local governments have invested massively in mapping their assets; this is now being followed up by adding connectivity to these assets – whether it is streetlamps, drainage, sewerage or trees, all are in the process of becoming part of a smart city.
The other critical element for the future of telecommunications is to use the network with all of the M2M devices connected to it in such a way that it collects the data from these devices, process that data and then delivers executable real-time analyses to the users of the M2M services. This development is also known as Big Data.
Despite the potential advantages of Big Data, particularly for the healthcare sector – there are still large concerns surrounding privacy. While the Big Data that is floating around somewhere in clouds is becoming increasingly critical to business operations, very few companies have a good understanding of where their data is at any given time. As well as this, the enormous amount of data that is now collected is placing a real strain on the tools that are used to analyse that data.
This BuddeComm Intelligence Report provides insights into the developments referred to as the Internet of Things (IoT) and Machine-to-Machine (M2M) communications as well as exploring the concept of managing Big Data. It provides unique and valuable examples of smart city projects, which provide an indication of the future potential of M2M/IoT developments. It also includes information on the RFID market, which has a promising future in Machine-to-Machine transmission applications and is already in widespread use around the world.
There are a number of potential standards being discussed for IoT, with the focus being on interoperability. Global M2M connections at end-2014 are estimated to have reached almost a quarter of a billion. M2M growth is strongest in developing markets. The Radio-frequency identification (RFID) market grew by 19% in 2014. Retailers are investing in RFID mainly for stock counting. Cyber-physical systems are an emerging area that won’t replace the IoT/M2M backbone of sensor-driven smart infrastructure/cities, but it will build upon it.
The Internet of Things includes elements of M2M; sensors network; Behavioural Attitudinal Geolocation; smart grids; information processing; Complex Event Planning (CEP); U-CEP, personal informatics; artificial intelligence; E-Science; NBN; Cloud Computing; smart cities; business opportunities; sector transformation, Big Data, Cyber-physical systems.