We have numerous small to medium sized companies and a few major players, and al are competing with each other. So far no one has rose to the top of the marketplace to direct the growth of the Internet of Things.
Scottsdale, AZ (PRWEB) October 10, 2014
The Internet of Things is changing the way we operate and creating significant benefits for the modern person, but Jason Hope and other technology experts warn that it is not without its challenges. Connecting everything is a major endeavor, raising concerns about everything from distracted driving to security concerns.
Eric Free, vice president and general manager of Intel's smart homes and building division, agrees with Hope in his recent statement in an article published on September 29, 2014 in The Star titled: “IDF14: Internet of Things and the challenges of connecting everything” which states that over 50 billion devices will be connected to the Cloud by 2020. Yet this Internet of Things is not a new phenomenon. People have been connecting and active in the Internet and other embedded spaces for over three decades, but in the last decade the number has increased exponentially, and now it has earned a name.
So what are the challenges? Free indicated in a recent interview that the fragmented market was a problem. Hope agrees. "We have numerous small to medium sized companies and a few major players, and all are competing with each other. So far no one has rose to the top of the marketplace to direct the growth of the Internet of Things. This challenge means that the infrastructure is not developing as quickly or smoothly as it could."
Because of this fragmented market, there is a lack of inter-connection between devices. One device created by one manufacturer likely will not interact with other devices in the home made by someone else. Recently the Open Interconnect Consortium and Industrial Internet Consortium were both held to help address these issues.
"For the Internet of Things to reach its full potential," states Hope, "we have to have a standard in place that will allow different devices to connect with one another, regardless of who made them. Also, this standard needs to address security concerns. People want to know that their devices are secure when they are connecting things inside their homes to that nebulous Cloud."
As the Internet of Things develops, Hope and others expect to see these concerns addressed.
Jason Hope is a Scottsdale resident and Arizona native who works as an entrepreneur and futurist. His work in technology has built a successful business, and he uses his assets to support research and charitable efforts. To read more about his thoughts on the Internet of Things, visit http://www.jasonhope.com.