February 18, 2016
Vendors rushing to be the first to release Internet of Things (IoT) gadgets and ecosystems need to urgently increase collaboration and treat the IoT race as a marathon, rather than a sprint, the chair of oneM2M Technical Plenary warned today.
Speaking ahead of Mobile World Congress, which will showcase the latest in mobile technology, Dr. Omar Elloumi, a member of the Nokia corporate CTO group, said the full potential of IoT could only be realized if service providers and vendors alike look at it as a customer-centric opportunity while remaining focused on the bigger picture.
Without this, said. Elloumi, IoT growth will be stunted and the market will become heavily fragmented, leading to security issues and vendor lock-in.
“According to the 2015 McKinsey report ‘Unlocking the potential of the Internet of Things’, interoperability will unlock 40% of IoT revenue — that alone shows just how damaging launching products could be without carefully considering interoperability,” he said.
“The time required to create globally harmonized standards can create frustration for many of us, but this is nothing compared to the frustration consumers and industries will experience if their newly installed IoT system requires multiple controls for multiple devices and actually complicates their lifestyle or operations rather than simplifying them.”
Security is another major obstacle that detailed and well-documented specifications can overcome, he added, with security functions covering identification, authentication, authorization, security association, sensitive data handling and administration.
“The IoT is still a nascent market,” Elloumi said. “The ability to spin up a new solution can be quite daunting; there is a lot of effort involved in integrating a complete solution especially if you have to deal with legacy systems; this is the case for smart cities in particular.
“Standards-based solutions give you an eco-system of multiple solution providers which is the only way to ensure multi-vendor interoperability and supplier choice and, therefore, deliver on the actual promise of IoT.”
Formed in 2012, oneM2M is the global standards initiative that covers requirements, architecture, API specifications, security solutions and interoperability for Machine-to-Machine and IoT technologies.