Friday, August 21, 2015

Ericsson, SK Holdings to Collaborate on IoT Apps

Ericsson and SK Holdings have signed an agreement to collaborate on creating global Internet of Things platforms for industry sectors including healthcare and transportation.

In addition, the partners said they will work on solutions for disaster recovery related to IoT as well as IoT authentication and security in the Asia Pacific area.

There is a reason for the interest. Fixed networks connected places. Mobile connected people. IoT will connect objects. Each new segment represents a market an order of magnitude larger than the former.

So connected places might represent a universe of about a half billion places. Connecting people represents a potential market of five billion. Internet of Things might represent 50 billion objects.

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