Each year the global wireless industry looks to Machina Research for insight into what we can expect from the world of Machine-to-Machine (M2M) and the Internet of Things (IoT). The top prediction for 2015 is that 'enterprises will get cracking in IoT'1.

Most enterprises are still trying to figure out what IoT is, but this year the rubber will hit the road, according to Machina Research. This means more commercial deployments of enterprise IoT, of which wireless M2M is an integral part.

Early-adopter Australian businesses are already achieving significant cost, revenue and productivity benefits from enterprise IoT, but the majority are either unaware, or slower to invest2. A new study by Telsyte found that two thirds of Australian organisations that have rolled out and measured IoT technologies had seen 28% cost reductions in their day-to-day operations.

The competitive advantage is clear and businesses are starting to realise the power of IoT, but there is still much ground to cover with only 26% of the organisations surveyed having deployed IoT. The Telsyte report found that 53% of the organisations that had rolled out IoT had seen an average 29% boost in productivity and efficiency. However, 20% of companies surveyed were still unaware of the concept, indicating significant opportunities for growth in this area.

NetComm Wireless' new OMA Lightweight M2M (LWM2M) Enabler helps to overcome the key barriers to M2M and enterprise IoT adoption – cost and technology challenges. LWM2M standardises processes for simple and economical remote management between M2M devices and their management platforms, enabling the efficient transfer of a minimal amount of data in areas such as smart cities, smart homes, smart metering, tracking, industry and agriculture.

The new protocol makes it viable for businesses to connect and remotely manage large numbers of resource constrained devices, such as temperature or fluid level sensors that need to run at a low cost, and this presents exciting new opportunities for vertical industries worldwide.

 

 


[1] Machina Research. Ten predictions for IoT and M2M in 2015. Jan 2015.

[2] Telsyte. Cut through: How the Internet of Things is sharpening Australia's competitive edge. Sponsored by Microsoft. Feb 2015.