This is why chip firms like the IoT
Avner Goren: The IoT is an enabling technology and delivering new use cases every day. When people think of the IoT, they often think of home or personal applications, but in reality, IoT-connected products will play a role in smart manufacturing, smart cities, automotive, building automation and health care as well, which are aligned with the key markets we are focused on.
We see manufacturers adding wireless connectivity to their products or production line. With integrated wireless connectivity, manufacturers are better able to get information from the factory floor to their cloud systems to quickly uncover and address any issues long before the product leaves the factory.
They are also able to do predictive maintenance on machinery, for example adding vibration sensors on a motor to see if it is acting differently, which could trigger the need for repair before the actual failure.
Manufacturers also want to use connectivity to gather information about equipment in the field. This information helps them find bugs, monitor equipment and also allows for software and firmware updates over-the-air – something that was not possible before.
For end users, this same connection provides information to repairmen to ensure they have the right part when service is needed – saving money, time and heartache. IoT is no longer an enabling technology of a distant future, but the technology connecting things today.
What are the key elements that have to be developed to allow a greater deployment of IoT into the actual market?