Internet of Things: Strength in Numbers
While IoT is poised to hit the mainstream this year, 2015 was the year IoT gained legitimacy, according to a recent report by Verizon.
The race to usher in new business models and revenue streams through IoT shows no signs of abating in the near future. In 2016, enterprise IoT startups will generate two to three times more funding than their consumer counterparts, which was opposite of 2014 when consumer IoT startups raised 15% more venture capital funding, according to research by Verizon Ventures.
Revenue growth is the biggest driver for IoT, but research conducted by Verizon Communications Inc. (NYSE: VZ) found that currently only 8% of businesses are actually using more than 25% of their IoT data. As IoT ramps up, businesses that are already using IoT estimate that in three years' time that number was likely to increase to 48% as companies see the value in monetizing new products and services.
While there's a wide and growing range of IoT applications, Verizon's report zeroed in on the following key areas: smart cities, energy/utilities, agriculture, transportation, healthcare/pharma and home monitoring.
Italy's 5G auction could exceed a government target of raising €2.5 billion ($2.9 billion) after attracting interest from companies outside the mobile market.
The emerging-markets operator is focusing on the humdrum business of connectivity and keeping quiet about some of its ill-fated 'digitalization' efforts.
Three UK has picked Huawei over existing radio access network suppliers Nokia and Samsung to build its 5G network.
Vendor says that it's its biggest 5G deal to date.
Verizon skates where the puck is going by waiting for standards-based 5G devices to launch its mobile service in 2019.
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