Exploiting tiny amount of data is big business for IoT firms
Summary
As the much-hyped next wave of IT solutions, the Internet of Things (IoT) can, in theory, create a huge number of opportunities for Irish exporters across sectors. If the data generated is not moving the dial for clients, monthly payments will soon stop, and the large upfront costs incurred at the beginning of a project written off. Beyond those examples is a wave of innovative Irish companies ready to capitalise on the anticipated explosion in demand for IoT technologies. Analysts consider the IoT wave to be still in its early adopter stage, creating lots of potential for Irish companies, higher education institutes and the public sector to collaborate on the development of solutions. Enterprise Irelands IoT cluster works with Dublins local authorities on the SmartDublin project and is exploring partnerships in areas including ports and harbours, search and rescue technologies, and drones.
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