Internet of Things (IoT)
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The explosion of IoT accelerators and incubators
Last week GE and Frost announced a joint effort to create an incubation program called Frost I3 incubator. It focuses on the industrial internet—solutions that utilize big data and sensors that drive efficiency and productivity. This past week Microsoft Ventures and American Family Insurance also announced the creation of an accelerator for the connected home.
What will Nest (or Google) do with DropCam?
The hot IoT news this weekend was Nest's acquisition of DropCam for $555M. Compared with the multi-billion dollar hardware deals this year so far, $555M seems small but in my mind incredibly large for a connected home market that's still far from reaching the mass market. Google surely is betting big in anticipation for future growth by shedding out $3.2B for Nest and DropCam.
Is the connected home finally here?
The term "connected home" or "smart home" has been around for decades. In the 90's and 00's, a lot of consumer electronics companies and component makers published drawings with home servers, gateways, and all types of home devices talking to each other and sharing files. I remember, in my past life, I used to draw similar things on powerpoint and announced a lot of partnerships and initiatives . However, none of those concepts became a mainstream hit.
Delivering hardware on time is really really hard
When I used to work at a consumer electronics company, delaying a product launch and missing the demand season--back to school and Christmas sales--was the worst nightmare come true.
How big will the IoT market become?
So macro things first--how big is the IoT market expected to become, at least in the eyes of the academia and industry? Here's a couple of figures I found from MIT Tech Review and Cisco's website.
Organizing the Internet of Things space
I'm currently following the Internet of Things (IoT) space and at the time of writing this post, have identified 391 companies in 10 categories that collectively raised $1.77 billion.
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