I believe Internet of Things (IoT) will transform our lives and the lives of our customers in ways we can't even imagine.
The 'Internet Revolution' is going to be bigger than the Industrial Revolution and it's happening right now. We have an almost infinite capacity to improve lives and business.
For those not in the know, here is a brief rundown on the IoT. It refers to the network of physical objects which collect and exchange data through connectivity to the internet. These devices can include sensors, Radio Frequency Identification (RFID), Machine to Machine and other technologies.
Those of you that have been around for a while might be thinking, that is M2M and it has been around forever. Once upon a time, we used the cellular network to connect a specific measuring or control device, to a specific server, with a specific application to perform a specific role, and we called it M2M.
It might be fleet or asset tracking; it might be a public safety application. Functions were well defined, system integration took weeks to months, and the whole system served a single purpose.
- Where every sensor is able to connect to any other
- Where data is able to be aggregated and patterns analysed
- Where time consuming end-to-end system integration for a single purpose can be replaced by fast app development... taking days, not months.
The possibilities with IoT are endless. Contrary to popular opinion, IoT is not about technology - it's about richer data insights. The power of that data to improve business operations will in turn change how we are served as customers, and how we may operate our own business.
IoT has the capability to create a better quality of life. This is more than just the driverless car or a fridge that texts me to let me know that my yoghurt is expiring.
We are working with several local councils to identify ways the Internet of Things can reduce costs, improve efficiency and the lives of citizens.
One particular council was frustrated by a lack of reliable environmental data for planning purposes - noise complaints received about licensed venues had no available data regarding the cause of the noise.
Equally, environmental conditions like temperature and humidity were generally reported by other authorities or by costly Environment Protection Authority installations (a point solution).
Together, we've deployed a sensor network to monitor environmental conditions - noise, humidity, CO2. Near real-time and historic data is fed back into town planning for development planning and urbanisation impact studies.
If you are anything like my husband, you will be familiar with the movie The Matrix, and the quote:
"I can only show you the door. You're the one that has to walk through it."
This brave new world of mobility and IoT is about embracing the possibility for future success and differentiation; working smarter; outflanking your competition; driving new value for your customers; and providing an experience that is unique.
Know that when you walk through the IoT door - you are not alone.
Telstra's aim is to deliver a smarter and more productive, liveable world with IoT and M2M. We are here to support and guide you through the Internet Revolution.
For more mobile IoT possibilities, go to Telstra Exchange.