iBasis Key Takeaways from the IoT Tech Expo
Last week, the iBasis Global Access for Things team spent time in Silicon Valley gaining further insight about the future of connectivity at the IoT Tech Expo North America. The conference, which hosted over 9,000 attendees across 15 tracks of learning including blockchain and AI, and featured over 300 industry leading speakers, took a deep-dive into the future of IoT and the opportunities business leaders can expect in a global field.
IoT is Here to Stay (and Continues to Grow)
Even just a few short years ago, the term IoT may have caused confused looks during non-industry conversations. Today, the field has started to gain significant traction in the enterprise and consumer markets, and IoT is a household name.
And with over 9,000 people in attendance at the expo, that wasnt hard to believe.
IoT isnt just a buzzword, its profitable too. Gartner, Inc. forecasts that 8.4 billion connected things will be in use worldwide in 2017, up 31% from 2016, and will reach 20.4 billion by 2020. Total spending on endpoints and services will reach almost $2 trillion in 2017. As more companies began to invest in more interconnected devices – and device manufacturers continue to innovate their devices capabilities – the IoT market is going to continue booming.
Adoption and Investment
The expo hosted over 300 exhibitors in house showing their latest tech, ranging from personal consumer items to business-ready enterprise options. Even experts from NASA were on the scene, explaining how IoT technologies, while paired with AI, will help track natural disasters across the globe. Industry leaders like Oracle and IBM were paired next to niche boutique organizations, giving attendees the chance to get an organic feeling for the opportunities IoT presents – and they are extensive.
Its Creating Innovation
10 years ago, the idea of a smart home was science fiction – today its becoming a commonplace reality. These advances come from the hard work of smart leaders innovating in a new field. Creating products and software for an emerging focus isnt the easiest feat, and the expo even had an entire track dedicated for it called Developing for the IoT.
If theres one major takeaway to be had from the IoT Tech Expo, its that the face of technology – and of interconnect-ability – is going to continue to evolve thanks to the endless innovation from hundreds of companies across the globe. Its only a matter of time until sci-fi tech become household objects.
Our Own Leaders Are Leaders in the Field
IoT experts spoke on subjects ranging from Bluetooth to making IoT energy efficient – and everything in between. Attendees were able to glimpse into all facets of IoT research and development, and come away with a better understanding of how the market is shifting the face of modern technology.
iBasis’ very own CTO, Ajay Joseph, was one of the expert speakers at the event. Ajay shared his expertise on the pain points of IoT service providers in his session The Solution for Global Mobile Access for Things: A Dramatic Simplification in Global Logistics, which described how next generation mobile technology allows for simplified and future proof global connectivity of IoT devices.
To learn more about Ajay’s presentation, please feel free to reach out to the team. And to learn more about iBasis Global Access for Things offerings in the IoT market, please visit the website here.