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You heard it here: The Internet of Things is coming

The next big thing in tech is going to be really big. The “Internet of Things” (IoT) is projected to have more than a $7 trillion (yes, that’s a “t�) market by 2020, with 26 billion connected devices. 

 

These devices are more often called “Things,” because most of them are not PCs or smartphones, rather they are sensors, cameras, PLCs, thermostats, switches – and the list goes on.  What these new things have in common is they connect via a network and add some level of function or intelligence over disconnected devices.

Driving their growth is low cost processors and pervasive wireless that makes building smart Things and connecting Things easier than ever. This opens an unlimited number of new applications and opportunities to improve industries like manufacturing, healthcare, consumer and any organizations efficiency. 

 Recently, the South Florida Technology Alliance held an event in Boca Raton focused on IoT and the opportunities this growing market will bring. Monty Blight, vice president of product development for Peak 10, moderated the panel of local experts who are riding the wave of IoT that included:


Dave Duggal – Founder/Managing Director of EnterpriseWeb and a representative of the Industrial Internet Consortium.


David Jaramillo, PhD – Manager of Mobility Innovations, CIO Labs, IBM


Mike Kopczynski – IOE/IOT Product Solutions Specialist for Cisco  


Bill Lintz – Vice President of Global Sales for ILS Technology


Manolo Morales – Business Development Leader, IoT Solutions, Zebra Technologies

 At the event, Duggal described the importance of having standards to be sure all the “Things” can communicate, and devices can work across vendors and networks. He participates in the Industrial Internet Consortium to help encourage this effort. 

Kopczynski noted that it takes an ecosystem to build out the IoT, and even though Cisco is a recognized leader in IoT, the company needs partners to build out all of the solutions well beyond the infrastructure required to implement IoT. 

Jaramillo from IBM showed his Raspberry Pie device, which costs only $35, is more powerful than early PCs, and can be programmed to provide an unlimited number of IoT tasks. 

Lintz of Boca Raton based ILS Technology talked about applications his company is enabling at businesses that range from the Honda Auto Factory in Ohio to dairy farmers in South Korea. He said that much of the money from IoT will initially be earmarked for hardware devices and infrastructure, but as they get deployed, more software opportunities will develop. 

Morales from Zebra Technologies described the company’s SaaS platform that connects devices like barcodes, asset tags and sensors. 

Some of the attendees at the event also indicated the investment in IoT is positively impacting local companies. Local startup Zendo is working on transforming home monitoring and automation. And Magic Leap in Hollywood just received a whopping $542 million from Google, Qualcomm and Kleiner Perkins to build some yet to be disclosed wearable headgear for virtual reality. ?

Chris Fleck is on the board of the South Florida Technology Alliance and vice president of mobility systems and alliances for Citrix Systems (NASDAQ: CTXS), a Fort Lauderdale company that provides secure remote access to data and applications.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.