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Forecasting the Internet of Things and IoT start-ups to watch

The forecasts sound almost incredible. Gartner estimates that Internet of Things (IoT) products and services suppling companies will generate incremental revenue of over $300 billion by 2020.

The analyst company IDC sees the worldwide market for IoT solutions to grow from $1.9 trillion in 2013 to $7.1 trillion in 2020.

Brands like the electric company GE predict the Industrial 4.0″ will add somewhat between $10 to $15 trillion to the overall global GDP over the coming 20 years.

Samsung will invest more than $100 million for IoT startups that will help the technology manufacturer establish new ecosystem for connected devices.

The Internet of Things is at an all-time high until today. Companies want to connect consumer devices, appliances, and services in order to connect their services with devices and then generate some smart data to leverage their value chain.

Interestingly enough Google owns some of the most promising IoT companies (Nest and Dropcam) already which will make some people look sceptic how the search giant will move more and more into their lives.

Smart devices are definitely the big trend for 2015. Whether it will be Jawbone though. After testing the wristband and it’s usability, I am not quite sure if this will be the way into the future. The car industry seems to be catching up though with their smart watches replacing keys and other driver necessities.

Even the whisky industry works with smart bottles now telling us how old the whisky really is, according to Venturebeat.

The guys at WRIKE just recently pulled together the 11 most ambitious IoT start-up companies should have an eye on. Furthermore, they added to their infographic three established brands which they think will have their big breakthrough in 2015.

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Study: More than half of consumers globally trust driverless cars

It is one of those iRobot myths coming true probably sooner than we are thinking: Driverless cars. Today, Cisco launched some study results which stated that 57% of respondents got no issues in trusting driverless cars to take over driving control for them. However, not all countries are alike…

The study shows that emerging markets are far more open than others. In Brazil (95%), India (86%) and China (70%) of responding drivers would leave control to technology; Japan (28%) and Germany (37%) coming in at the end of the field. Furthermore, 46% of respondents said they would let their kids in driverless cars.

Apart from that 74% of respondents have no problems if cars were tracking their driving habits as long as they could save on insurance and maintenance cost. For a better driving experience 65% of drivers would also be open to share driving habits, height, weight and entertainment preferences with the car manufacturers, 60% even biometrics data. A clear sign that the driving experience can be improved by the manufacturers, and that clients are longing for it.

Car Buying Experience Goes Digital

The most interesting fact of the study was for me that buyers are becoming more open to leave the car dealer out of the purchase process. It clearly shows that the Mad Men sales process is gone. It gets replaced by interactive kiosks at the car dealer’s place people would want, as long as there is someone you can ask when you got problems with the machines. Even better, 55% would even go through the purchasing process via video chats and digital virtual sessions. Obviously again not in countries like Germany and Japan which are not very open to virtual purchasing processes.

Car Buying Experience Goes Digital II

Spot On!
The Cisco study makes clear that the difference in connected car is in the service, not in having Cisco’s latest router. In the end, the next generation of cars should lie in seamless car driving experience that supports car services that help drivers find the right restaurant for their hunger, the appropriate pitstop for their needs, or the next service station before you realize you need it when driving your car.