IoT: Its moment has come

IoT: Its moment has come

Larry Claasen 29 June 2018

For years, there has been talk of the wonders of the Internet of Things (IoT). Enabling machines to send and receive data has long been touted as the next big thing, but although it has held a lot of promise, IoT never really seemed to get out of the starting blocks. This seems to be changing. As devices are becoming ‘smarter’ and cheaper, networks are being configured to handle large quantities of data.

Has the moment arrived for the IoT? Or does the ecosystem still need to be developed?

Brian Sangudi, principal strategy consultant, Ericsson Middle East & Africa: The ecosystem still has to evolve, but having said that, I definitely think the moment has arrived. Those who want to take advantage can already do so. The building blocks, the infrastructure, is already there.

Alain du Toit, Intelligent Cloud Business Group lead, Microsoft SA: One of the underlying challenges the IoT still has to face is uptake of IPv6 from an enterprise perspective. We are running out of IP addresses. As millions of devices come online, they are going to gobble up an already depleted IPv4 addressing scheme, and if enterprises don’t deal with this, they are going to run out of IP addresses in terms of building this ecosystem.

Vishal Barapatre, CTO, In2IT Technologies: The statistics don’t lie. We are sitting with 22 billion devices now, and by 2025, it will be three times this number. There’s not only more connectivity, but the falling prices of sensors are also playing a role.

Dr Mark Nasila, head of advanced analytics for consumer and retail, FNB: From what I’ve seen, the IoT is already ‘the business’ for a lot of organisations. This is especially true in the financial sector, where many firms have already invested a lot in their data strategies. As they now understand their customers a lot better, they are also better at being proactive in providing them with services and goods. This has seen a lot of organisations move from providing a single service, to being a multi-service provider.

Greg Vercellotti, executive director, Dariel: Our research has shown that the layers of the IoT have matured sufficiently, and you can go right from a sensor to artificial intelligence. Because of this, we are seeing uptake in the business world. We are starting to see IoT becoming part of the business processes, the decision-making and the transactions. With the weaving of IoT into these processes, we are seeing its arrival into the business world.

Steve Mallaby, COO, Argility Technology Group: It has undoubtedly arrived. It’s been around for many years, the concept of devices being connected to each other. If you look at the rapid growth that’s taken place, you are even starting to see fragmentation across the industry. The key development will be how the mature players in the sector start working together. But this is something that’s still a work in progress.

Warren Green, governance, risk and compliance expert, CURA Software Solutions: I think the moment has arrived. But I do think the ecosystem will continue to develop. For me, this will be from a governance, risk and compliance perspective.

Phathizwe Malinga, CEO, SqwidNet: We view the IoT ecosystem as a symphony in four parts. Locally, we have about ten device makers, there are also two connectivity providers, as well as several application providers. The last part is industry, which is starting to realise that IoT is not a fringe thing or a complementary thing; it’s a core part of their operations. Industry needs to make its assets sweat, but in order to do so, it needs to know where they are, which is what IoT allows it to do.

Read more: https://bit.ly/2Kp4NeD

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A true IOT ecosystem design will rely heavily on edge capabilities

A true IOT ecosystem design

By Marilyn de Villiers 14 June 2018

One of the fastest-growing trends in the ICT sector, and one that is generating considerable hype and attention is the Internet of things (IOT). Analyst firm Gartner predicts that there will be 26 billion connected devices by 2020.

Nico Steyn, CEO of IOT technology innovator, Centurion-based IOT.nxt reckons there are more than 450 IOT commercially available “platforms” that have been set up to enable this still futuristic technology.

However, Steyn believes that despite the fact that the technology has started to gain mainstream traction, the IOT industry could be heading for a crash, the likes of which have not been seen since the “dot.bomb” era almost two decades ago.

“During the .com bomb era, people ran around with amazing ideas that they thought would take over the world once mass adoption took place. This was followed by an implosion which saw a huge number of concepts, ideas and investments disappear. A similar trend is developing in the adoption of IOT and in digitalisation in general,” he says.

Although this is unlikely to be on the scale of the dot.bomb fallout, it will result in the weeding out of many “irrelevant” IOT solutions. These are solutions that he believes are trying to address the complex problem of the interconnectivity required for a true Internet of things from the top down, often using outmoded or inappropriate technologies.

The problem, Steyn maintains, is that many of those involved in the IOT space do not yet understand where the true value of IOT lies. Those that are focused exclusively on the cloud and Big Data, to the exclusion of what is happening within the edge, the layer where all the interconnected “things” lie, will find it all but impossible to unlock the value IOT can deliver.

According to Steyn, they need to recognise that “the edge is eating the cloud”.

Full story: https://bit.ly/2M9eo5F

www.itweb.co.za

 

IoT.nxt achieves level 1 B-BBEE status

IoT.nxt achieves level 1 B-BBEE status

MEDIA STATEMENT

4 June 2018

Innovator in IoT technology, Pretoria-based IoT.nxt, achieved level 1 B-BBEE status, confirming the company’s commitment to make a meaningful contribution to the advancement of the South African economy through innovation using 4th Industrial Revolution technology.

“President Ramaphosa mentioned the 4th Industrial Revolution in his first State of the Nation address as a key focus area for the future and we are proud of our achievements in this field. Embracing new technologies can make a marked difference to economic development. Achieving level 1 B-BBEE status is part of our journey to be a participant and driver of such growth through a strategy of inclusion and development,” says IoT.nxt CEO, Nico Steyn.

“IoT.nxt has achieved strong growth since its early days as a start-up at the start of 2016. The digital landscape is changing at a rapid pace, which requires forward-thinking and innovation. There still exists and outdated perception that South African companies are lagging behind global companies to drive digital transformation and adopt new strategies through using new technology. Our company and many other successful local companies have disproved this thinking,” Steyn says.

To achieve level 1 B-BBEE status the company scored very well on the required elements of skills development and enterprise and supplier development, in addition to its scores for ownership and management control.

“Skills transfer is very important for the development of any company but also especially important as a driver of economic growth. We have not only created almost 100 jobs in technology in the two years since the company was launched, we also introduced an internship programme to develop the innovators of the future,” Steyn says.

IoT.nxt is the winner of the 2017 MTN Business IoT Award, a Microsoft Gold Partner for Data Platform and was selected as one of six aspiring innovators in SA ahead of the 2016 Gartner ITXpo and Symposium hosted in Cape Town. The company opened the office in The Hague in September last year and is currently exploring expansion to the USA.

ISSUED BY: IoT.nxt

For further information please contact:
Daleen van Wyk
Media Liaison
Tel: 083 302 0827
Email: [email protected]

www.iotnxt.com