Charles Reed Anderson from IDC joined us to discuss the state of Internet-of-Things (IoT) in Asia Pacific. We started with an analysis of the IoT market maturity index across China, India, and the rest of Asia Pacific, and dissected how Asian companies are currently prioritizing their objectives with IoT. In our review, we dived deep into the state of wearables, with the healthcare industry looking to be a new market opportunity for many Asian tech giants such as Samsung. Last but not least, we looked at what’s next from now until 2017.
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Analyse Asia with Bernard Leong is a weekly podcast dedicated to the pulse of technology, business & media in Asia. They interview thought leaders and leading industry players and gain their insights to how we perceive and understand the market. Analyse Asia is a content partner of TechNode.
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- Charles Anderson, Vice President, Head of Mobility and Internet of Things Asia Pacific, IDC
- Internet of Things: What’s hot, What’s Not, and What’s Next
- What has been happening in the first half of 2016 for the IoT market? [1:20]
- Overview of IoT so far
- 8.6 billion connected “things” and a $508 billion market opportunity by 2019: What are these 8.6 billion things and what are the market opportunities? [1:58]
- How does one assess IoT market maturity by 2019? How are Asian countries assessed on the IoT market maturity chart based on IoT units/capita? Which countries will break out in the next few years? [2:42]
- For China, how does IoT market maturity vary across different tiers of cities? [4:55]
- What did we see back in 2015 and where are we now in the first half of 2016? [5:41]
- Skills shortage in the region
- Nobody is writing blank cheques
- From now until the next few years, how does one make the reality check for IoT deployment in Asia Pacific? [6:40]
- What’s hot? [7:35]
- What does the public see and what has been delivered in the IoT space? [7:35]
- Which are the top 5 Asia Pacific IoT use cases? [9:49]
- Increase productivity
- Improve product quality/time to market
- Process automation
- Cost Reduction
- Faster/better decision making
- How does that contribute to operational excellence? [11:15]
- 12% of Asia Pacific enterprises see IoT as an opportunity for revenue generation.
- 8% of Asia Pacific IoT initiatives were internationally focused in 2015.
- Where are the Asia Pacific IoT initiatives focused on in 2015?
- What factors hinder IoT solutions in Asia Pacific? What kind of challenges must they address? [12:34]
- Is security really a concern?
- Conflation of security and privacy. [14:01]
- Who holds the budget in the decision making process? Which groups are driving the IoT solution decisions? [14:41]
- Why do Australian and Singaporean business units own the IoT budgets as opposed to companies in China, where IoT budgets are owned by the technology team?
- What’s not?
- Let’s start from wearables. We see Fitbit not doing well in the public markets. Why is that? [16:18]
- What are the next waves for wearables? [17:54]
- Samsung’s Simband [18:28]
- Is healthcare the real opportunity for wearables growth? [18:50]
- Example of Bosch where the operations team use smart watches in cold weather. [19:05]
- What are the different approaches to shift the conversation from what’s not to what’s yes for IoT? [19:41]
- What’s next?
- An interesting case: Demand Logic’s focus on smart buildings. [20:52]
- What are the interesting technologies in the IoT horizon? [22:05]
- IoT at the edge [22:16]
- How does one establish the business case for IoT? For example, smart meter costs?[22:47]
- What keeps Charles awake at night on the movement of IoT? [25:00]