Open IoT systems highly valued, IDC finds

The majority of Australian organisations place high importance on open standards for data, connectivity and open source software standards.

Recently published IDC research revealed that 81% of IoT decision-makers rank these things as extremely or very important.

“IoT will be an open ecosystem of horizontally specialised players, bringing their own best-of-breed technology to the table,” said IDC Research Manager Jamie Horrell.

“Open standards are critical to interoperability and it would be a bold move to rely on proprietary standards or vertically integrated players to deliver operational transformation.”

Security and privacy concerns are the biggest perceived inhibitors for deployment of IoT solutions in Australia, with the Australian public remaining nervous about how organisations treat their data following recent well publicised security breaches and attacks.

Despite this, IDC sees the number of connected devices and connections continuing to grow with freight monitoring, manufacturing operations and connected vehicles being the top three applications of enterprise spending by 2020.

“IoT is not about driving IT efficiency but rather operational efficiency. Applications like supply chain are obvious targets for this,” said Horrell.

IDC expects to see 2.7 million connected commercial vehicles, 1.7 million pets and 1.8 million healthcare appliances in Australia by 2020, reinforcing that IoT is about connecting things that were not originally intended to be connected to the internet.

The total IoT market in Australia will grow to be worth over AU$18 billion by 2020, with the pie being shared across both traditional vendors and vendors traditionally associated with operational and industrial technologies.

Image credit: ©stock.adobe.com/au/iconimage

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