Gideon Farrell

“Although m2m has been around for a long time, its high cost has prevented widespread adoption among heavy industries. Lately, we see that the emergence of more and more consumer-facing m2m products has caused the reduction in the price of the components needed.

When you couple that with the fact that the recent widespread adoption of cloud computing has done the same for computation costs, it becomes clear how the automation of data collection and processes introduced by IoT have the potential to make heavy industries increasingly efficient. This introduces data-driven decision making to the organisations that hold a monster share of the GDP.”