Canadian Digital Media Trends: The Internet of Things (IoT) edition

By the numbers

December 2014

In 2014, more data will be generated by machines than by human beings.

Connectivity

Projected IoT economic impact 2.7–6.2 trillion annually by 2025.

Predicted 2025 1.5 million lives saved by autonomous vehicles.

Smart object global revenue grew 2x$ from $15B in 2011 to +$30B in 2014.

Wearables market expected to reach $20 Billion by 2017.

Global smart home device market is expected to reach $15B in 2015, almost 2x growth from 2013's $7.8B.

Productivity

Analysis of 89 IoT implementations by 20 major providers
22% focused on risk management
13% focused on innovation
65% focused on cost reduction & efficiency

Top 5 issues being addressed by IoT solutions
Transaction tracking
Asset location
Reducing inventory levels
Asset identification
Supply chain visibility

61% of senior executives believe that companies slow to integrate the IoT into their business will be less competitive.

Mobilizing digital content

96% of senior executives expect that by 2017, their business will be touched by the IoT.

Estimates of the number of smart objects in homes, offices, factories, and vehicles range from 22B–50B by 2020, up from 6B today.

Key technologies that will enable IoT solutions
Passive RFID
Real-time location tracking
GPS tracking
Security sensors
Mobile computing
Wi-fi
Bar codes

Access to talent

CISCO believes the education system needs to be overhauled to reskill 2.4 million networking professionals to be equipped with the skills for working in a world with connected devices.

Skills in need by companies using IoT solutions
Data science
Software development
Hardware engineering
Testing
Operations
Marketing and sales

Who's who in IoT

These Canadians companies are finding innovative ways of connecting the physical and digital world.

BluRover
Waterloo Region, ON Helps companies monitor and track asset data around the globe.

GestureLogic
Ottawa, ON Wearable tech aimed at helping users improve fitness and avoid injury.

ReelyActive
Montreal, QC Sensors reads people and object in a room and IDs them with their existing online data.

ScienceEscape
Toronto, ON Provides a tool for discovering and organizing research.

Sensor Suite
Toronto, ON Real-time building intelligence cloud platform for buildings and real estate.

Smart Skin
Fredericton, NB Measures line pressue and 3d orientation in packaging line material.

SympleID
Waterloo Region, ON Turns your smartphone into your online digital ID with a single tap.

TritonWear
Waterloo Region, ON Wearable tech that measure and track key swimming metrics on your mobile device.

Urthecast
Vancouver, BC Provides the world's first Ultra HD Earth video platform, streamed from space.

Wimoto
Markham, ON consumer-level sensors feed data to your Bluetooth enabled device with configurable alerts.

Canadian Digital Media Network
Government of Canada