At the start of this year I wrote a piece highlighting four Internet of Things (IoT) trends to look out for in 2017. At the top of that list was a potential increase in the number of impactful B2B and industrial solutions within IoT, particularly when it came to factories, agriculture, cities and the community. Four months on and, having completed our first Startupbootcamp IoT accelerator program with nine startups, I’m even more confident in that prediction.
Having seen how investors have reacted to our first cohort of IoT startups, and having spoken to a wide range of people on this topic, I’m clear that up to this point we’ve really only seen IoT 1.0. A first version that has demonstrated some clear customer and business benefits, yet one that has created a deluge of useless connected products. However, the fast evolution from machine learning to AI, and the rising importance of creating impactful technology, is pointing the way to IoT 2.0; a system of connected devices that positively impacts society by reducing wastage and increasing performance, thus allowing IoT to become the massive business opportunity we were all promised.
Consumer and Industrial Applications in IoT 2.0
As we move further into 2017 IoT will be less about the shiny consumer gadgets we see at CES and more about connected devices that have a positive impact on communities. Health and education spring to mind immediately, with the development of immersive technologies such as VR and AR at…