Fulfilling customers' needs under the "Internet of Things" (IoT) global technology trend has become a key mission for major technology companies.
Gregg Berkeley, Intel Corp's global IoT business-development sales director, said the US chip giant sees IoT as an evolution, with the company poised to drive business transformation by developing and integrating device-to-cloud IoT solutions to customers.
IoT involves small computing systems used in potentially everything - hence it is also known as the "Internet of Everything" - and the concept is all about data and analytics. Therefore, there are some key areas of concern when deploying IoT, he said, adding that the two main concerns were security and end-to-end architecture.
"Everything can be IoT. For example, HVAC [heating, ventilating and air-conditioning], lighting, lifts, digital signage and parking. Currently, IoT is in the early stage globally. In my opinion, IoT will be in the mature stage within the next couple of years," said Berkeley.
Intel provides end-to-end IoT systems for areas such as smart retail, smart manufacturing, smart building and smart-city initiatives, by working with partners.
IoT implementations are complex given the need to connect things to the cloud, manage and analyse data, and integrate with existing infrastructure, he said.
The top opportunities for IoT are retail, smart home and smart building, transportation, and the industrial and energy sectors, while smart city also has potential for investment and implementation of IoT.
'Smart city' potential
Intel forecasts that cities worldwide will spend US$41 trillion (Bt1.34 quadrillion] in the next 20 years on infrastructure upgraded for IoT.
According to IDC, by 2025, 37 cities will have populations of more than 10 million, with 22 in Asia alone. Meanwhile, Asia-Pacific smart-city investments by 2025 are estimated at around $1.04 trillion.
Cities are looking at ways to become smarter and more flexible in responding to citizens' needs, and leading smart-city opportunities are in transportation, building automation, and city sensing for such things as pollution monitoring, traffic and people flow.
Worldwide smart-city IoT spending will be $265 billion this year, with smart cities redirecting 15 to 20 per cent of traditional IT spending to the cloud.
IoT is expected to help the city become smarter, driving local economies, reducing costs, increasing efficiencies and creating new services.
Intel has joined hands with the US city of San Jose in working to further the city's "Green Vision" initiative with the use of the company's technology.