The much – heralded ” Internet of Things ” or M2M sector ( machine-to-machine ) seems to be poised for takeoff – possibly to the often – mentioned 20bn connected devices by 2020 from the 100M connected devices today.
Besides the United States, the momentum is building on continents like Europe and Asia due to the high price of energy, especially gasoline, in those countries. Understandably, M2M market trends for creating the Internet of Things suggest the early M2M markets are automotive telematics & fleet management. The next M2M market is smart metering for buildings and homes ( “Smart Grid ” ). But other M2M applications in home health care, remote equipment monitoring and supply chain & logistics are also in focus.
A large aspect of this M2M communication will be the analysis of all the M2M traffic ( “Big Data” ) using advanced algorithms and related technologies,. Such large data sets are generated by the all the sensors embedded in each device, the networks involved in collecting and transmitting such data,and the logistics comprising the Internet of Things. Such big data sets, built or accumulated in real – time, will require sophisticated algorithms and analytics technologies including the ability to learn autonomously (machine learning) from experience with such big data.
However, there are certain big data-related pitfalls before M2M applications can be fully realized. For the Internet of Things to grow rapidly, the development of such machine learning algorithms and big data analytics technologies for specific applications in specialized domain areas are being hampered by the lack of skilled talent at this time. Further, the domain expertise required to enhance such big data algorithms development efforts is also another barrier in developing robust machine-to-machine systems.for a variety of M2M applications such as telematics, smart grid, etc.
Besides regulatory and policy changes, the paucity of skilled algorithms and machine learning expertise to perform the required analytics on the big data generated in the logistics of connected devices will inhibit the development of machine-to-machine /M2M communications to its full potential.