Rob Curley, Managing Director at Singlepoint, spoke to Amanda Connolly from The Sunday Business Post about the Internet of Things.
Read the transcript of this interview below.
The scale of the Internet of Things
It’s not just about handy home devices though – the Internet of Things has the ability to enhance almost any area of society. This could include connecting components of larger machines, supply chains and even how we manage things like traffic and transport in our cities. One Irish company focusing on IoT-related digital transformations is Singlepoint.
Speaking to Connected, Rob Curley, managing director of Singlepoint said: “A lot of what we do under the hood is technology execution. There’s a huge amount of change happening across a lot of technologies at the moment, like IoT, big data, new front end, mobile and web technologies, machine learning, AI and more. “We work across those technology sets to help our clients utilise things like IoT to improve how they interact with either their employees or their customers. “From an IoT perspective, our clients look at things like asset management, predictive maintenance, fleet management and smart scheduling.” Singlepoint’s client list includes the likes of Facebook, Vodafone, Eir, Three and the Dublin Airport Authority (DAA).
The DAA is a great example of how IoT asset management can work. Assets in the sense of an airport refer to everything from baggage handling carts to passengers and luggage. Right now, the DAA is working with Singlepoint to develop solutions for all of the above in a bid to make sure everything in the airport is running smoothly for both employees and passengers. The same type of work is being done for cities around the world. Global spending on smart city technology reached $80 billion in 2016 and is expected to grow to $135 billion by 2021, according to a report from the International Data Corporation (IDC).
Worldwide IoT spending for 2018 is expected to be over $772.5 billion, which is a 15 per cent increase on 2017. By 2020, it’s expected that IoT spending will be in the trillions. What is that money being spent on? Hardware for the most part, alongside infrastructure and security. Over half of the IoT devices in use right now are consumer products, such as smartwatches and smart TVs.
The Sunday Business Post
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