It’s overwhelming just to imagine what happens on the Web in one second: social interaction, digital marketing, sales, hacking, SEO optimization, AI growth, startups emerging, etc. But the most popular lately is the IoT acronym that you probably already encountered at some point. It stands for "Internet of Things" – increasingly expanding industry that impacts how we live and work.
But what exactly it is and how does it influence the life of entrepreneurs and investors in particular? To answer these questions, we prepared for you a 2017 Internet of Things white paper that will tell about the technology itself, its operation principles, and the best ways to get started with funding in this industry.
Learning Internet of Things can be confusing, so we’re going to clear this up for you. The term literally describes the connection of various devices to the Internet. The number of those IoT devices grows exponentially: cars, a biochip transponder in a farm animal, household stuff, medical equipment, industrial mechanisms, and other instruments. Such everyday products or machines are embedded with sensors that process data and connect with other electronic devices.
The Internet of Things is a giant network of connected man-made mechanical and digital objects, people with heart monitors or other identifiers, and even animals with chip sensors that don’t require human-to-human or human-to-computer interaction to transfer the data. Three ways of interaction in such system are people – people, people – things, and things – things.
“The new rule for the future is going to be – anything that can be connected, will be connected.”
One of the strongest leaders on the chip-making market this year is the semiconductors industry. The manufacturers successfully adapted to the new needs of consumers and the demand for high-powered chips that enable IoT devices. The industrial usage of this technology significantly reduces downtime and costs, while increasing efficiency and enhance performance. In the perspective, we’re looking at the promise of “smart cities” that operate at peak efficiency.
According to the BI Intelligence research, current predictions say that by 2020 the IoT Market will reach the point of 24 billion devices across the Earth. Which leads us to the discussion... What benefits of the Internet of Things could be expected by the 2 most investing entities – governments and businesses? Trends are pretty alluring for now, since with the $6 trillion invested into IoT solutions till 2020, the generated ROI is expected to be around $13 trillion by 2025. You can reap those benefits too if your enterprise represents one of industries we listed below.
As for the real examples of the Internet of Things use cases, the top 5 industrial cases include predictive maintenance, smart metering, asset tracking, and self-driving cars. Check the full IBM report with explanations and video presentation.
It raises the question who’s in the upper league already, what companies are the most stable and successful these days? Well, there are hundreds of them in the IoT field, we gathered just some of the famous ones for you to check.
|Honeywell (HON)||Hitachi||T-Mobile (TMUS)|
|GE (GE)||AT&T (T)||Ambarella (AMBA)|
|Amazon (AMZN)||Skyworks (SWKS)||IBM (IBM)|
|Google (GOOGL)||Iridium Communications (IRDM)||Sierra Wireless (SWIR)|
|Texas Instruments (TXN)||Cisco (CSCO)||Fitbit (FIT)|
|Garmin (GRMN)||Apple (AAPL)||CalAmp (CAMP)|
|Blackrock (BLK)||Silicon Laboratories (SLAB)||Microsoft (MSFT)|
|ARM Holdings (ARMH)||Ruckus Wireless (RKUS)||Linear Technology (LLTC)|
|Arrow Electronics (ARW)||Silver Spring Networks (SSNI)||Zebra Technologies (ZBRA)|
As was stated earlier, this chart is a proof of the increased demand for the microchips, since there is a worldwide known semiconductor manufacturer present – ‘Texas Instruments’ (TI). It’s one of the leading suppliers of advanced connectivity, microcontrollers, and processors. TI’s growth and revenue numbers are already surpassed 15% in the Embedded Processors segment. So, if your focus lays with IoT products you’ll benefit in any case.
With that being said, based on the analytics from WallStreet Survivor, we present you a table of the most beneficial stocks with their current Internet of Things quotes and day changes.
|COMPANY||REAL-TIME QUOTE||WSS SCORE|
|GRMN› GARMIN LTD.||$53.83||67%|
|CSCO› CISCO SYSTEMS INC||$33.75||80%|
|GOOG› ALPHABET INC||$978.89||80%|
|BLK› BLACKROCK INC||$463.22||83%|
|IT› GARTNER INC||$122.39||73%|
|GE› GENERAL ELECTRIC CO||$24.39||78%|
|TXN› Texas Instruments Inc||$91.35||64%|
|SWIR› SIERRA WIRELESS INC||$22.45||89%|
Note: the order of stocks is random and doesn’t depend on company’s effectivity on the market.
As you see, Internet of Things Stock Market is full with super players which stocks you can purchase at any time. You need to analyze the Internet of Things ETFs in order to be able to choose the right company. Then, just press the ‘buy’ button and follow the changes charts. But be careful when it comes to the ETFs expense ratios and liquidity risks before you make any investment decision.
For your consideration, the ETFdb.com portal states that the most popular pure play these days is the Global X Internet of Things Thematic ETF (SNSR). The fund invests in the industry of semiconductors & sensors, integrated products and solutions, and the IoT apps for smart homes and connected cars.
When it comes to the Internet of Things development, a brand new state-of-arts application would ensure the entrepreneur’s success. As professional app developers, we know from experience that building such complex application isn’t nearly as easy as any other product. Especially since the connected IoT solutions are using hardware. Creating such app is a pretty complicated and resource-consuming process that requires a lot of efforts and attention to details.
However, there are some digital instruments that greatly simplify a developer’s life. Let us introduce you to the top 3 tools that we use in our IoT app development.
One of the important areas in the IoT data processing is the predictive analysis. With this tool, you can predict the future and understand if customers like you in the social world. IBM Watson provides a set of APIs that include a host of different services. It helps developers to program the app on recognizing objects from images, understanding conversation sentiment, and more. And the IBM keeps continuing to expand their useful services for the IoT.
It’s the brand new service that allows to add cellular connectivity to IoT projects. The service has the ability to provision devices on the fly and remotely control them from anywhere. It’s especially handy for vehicle tracking and more. And the price is pretty low, which is a pleasant bonus. The only drawback may be that the Programmable Wireless is still in preview mode. If it’s a problem, you can check the other solutions for cellular connectivity like Hologram.
It’s a cross-platform IoT development environment with an IDE, build system, and library manager. This tool simplifies your life when you’re programming the hardware itself. The IDE is built on top of the Atom editor and can also be installed as a plugin. In addition, there is a serial port monitor and a very nice debugging integration. The platform supports over 200 different boards and greatly speed up the delivering process of the whole IoT application.
These solutions are just a needle in a haystack – the variety of them is just enormous. However, we should warn you that you won’t get a great and feature-rich app built with just the automatic tools. It takes a lot more... In a nutshell, it requires professional specialists who could use some of these tools combined with their own programming skills to make an IoT app that would be profitable and stable working. Only with such application you can join the market in a blink of an eye.
Also Read: 5 Best Ways to Prototype your Mobile Project
The Internet of Things pros and cons is one of the hottest discussions all over the world. It impacts the lives of all entrepreneurs and clients, businesses and government institutions. The technology is already revolutionizing the healthcare industry and transportation networks– it’s one of the most exciting emerging stock markets out there. But the coolest part is that while all these IoT products are making money for their manufacturers, those who build the tech that powers such products profit equally if not more. So, the best way to invest it this industry is to build an IoT application or find the Internet of Things stock semiconductor company that is displaying solid fundamentals and make the investments in it.
Thankfully to the modern age, there are some useful and comprehensive resources about this technology that are available for beginners. Here are our recommendations:
The Internet of Things book that defines the sheer power of digital forces in near future and talks about how the technological advancements influence on various businesses. It also discusses the concepts like Moore’s law, AI, digitization and others.
For those who don’t know programming, but desire to sort through IOT concepts and choose the marvelous projects to work on. It explains the methods to connect sensors, processors, and actuators over the Internet. This book basically teaches programming with .NET micro framework and Netduino Plus Board.
It has everything you want to know about meta products and technology connected with Internet. The inherent concepts of designing such products are being discussed along with some clear ideas of yet to come future. The practical part is represented by real-life case studies at the end of every chapter.
This book is a golden source that teaches the ways of storing, handling, and building architectures to process massively large amounts of data. There are also practical advises, a list of challenges and risk factors to keep in mind when you need to integrate big data with IoT products.
Shoot us your inquiry, and we’ll transform your dream into the perfectly working mobile application!