Summary points

  • CIC believes that there is no clear and focused definition of IoT, but instead it is a loose term that can be applied in any scenario where hardware devices are connected, directly or indirectly, to the internet.
  • Greater accessibility of hardware will help to further the type of entrepreneurial activity that we’ve seen in recent years in software. The type of small, innovative and agile start-ups that have seen rapid growth in recent years will be able to embrace ideas that involve hardware as well as software.
  • A key differentiator for IoT today and the connected devices world that has existed before is the high availability and low cost of “things” and the Internet based services that they can connect to, combined with more open technology (such as HTTP or MQTT).