Skip to 0 minutes and 7 secondsSo first, let's have a quick chat about how standards are useful within the IoT. Why would you use standards, I think is a common question that many people ask me. And one of the key parts of that is to ensure access to global markets. It's to ensure interoperability so that your product is interoperable with other people's products. And that's important when you're actually selling to customers that have large scale systems, that have lots of different products from different vendors, and they all need to interact and work together. Global standards are an important part of cost savings. They help reduce costs for customers and also for developers at the end of the day.
Skip to 0 minutes and 44 secondsStandards are also an extremely important part of market creation. They help create new markets, and they provide access to new markets for companies and developers alike. They do this through creating an opportunity to increase your market share. So it's very important as an IoT product developer, or product manager, or entrepreneur to actually know which standards you should be engaging with and interacting with. The second thing we can do is take a lead in standards setting. And the real opportunity is, of course, that if your car and your fridge and your thermostat are all to be communicating with each other, you don't have multiple different systems.
Skip to 1 minute and 22 secondsAnd if Britain is sufficiently early into this and works with friends in other key countries, like the US and China, we can help shape standards to ensure compatibility. And shaping standards, in turn, help you maintain a key role. Well, actually, you can argue one of the reasons for the success of Vodafone is that mobile phone standards were written in a way that supported Vodafone. We can do the same Internet of Things, and governments can take a lead on that. There's lots of individual technologists and software engineers rising to particular challenges. But the aim must be that all the different objects in the world can all communicate with each other on a common standard.
Skip to 2 minutes and 6 secondsAnd Britain, because we are quite well trusted and respected, because we've got strength in the science and technology, we're in a great position to really contribute to that and help shape it.
Skip to 2 minutes and 19 secondsAt Ericsson MTC, and the Internet of Things these are extremely important. In Ericsson, we believe that anything that can be connected-- anything that can benefit from a connection-- will be connected. And we see that happening all over the world. We predict something in the order of 50 billion devices by 2020. This isn't saying an exact calculation, it's an extrapolation of the number of things around the world. Because first we connected houses, premises. Then we connected people with mobile devices. Now we're going to connect things. So it's an extrapolation. So 50 billion devices by 2020. With the Internet of Things and machine-type communication, we need to start reinventing things, thinking about different things that can be connected in different ways.
Skip to 3 minutes and 3 secondsAssume that there will be low power, long battery life devices in the future. The standards are evolving to accommodate these things. And soon we'll see the technology on the streets. So with the Internet of Things, we need scale. We need scale like we got with 4G. 4G is a great standard, because it's the first standard which was adopted globally. It's adopted by the US, who did things differently before, and China. So we're all doing the same thing now around the world. And that scale means that device price can come down-- because there are millions and millions of devices now. So scale to help us with devices, but we also need scale in the cloud.
Skip to 3 minutes and 38 secondsBecause when we've got billions of devices connected, they need to be controlled from the cloud. And those cloud systems need to be able to scale with them. As you might imagine, Cisco is really engaged with the IoT, because, of course, it takes the network to a whole new level. I think we had a network which we believe, of course, is reasonably pervasive for normal applications today. We have broadband. We have Wi-Fi access and so on. But now with the Internet of Things, when you've got 50 billion, 100 billion, 200 billion devices, very different characteristics start to appear. Of course, you need a pervasive connected world the whole time.
Skip to 4 minutes and 13 secondsBut you need to deal with things which are very small, creating small amounts of data which are accumulated up. How do you manage that data? Do you send all the way back to the centre every time or take it back, or do you handle it locally? So how do you think about some of the technologies, managing policy in those authentication? How do you know the heart rate monitor is your heart rate monitor? Those sorts of things.
Skip to 4 minutes and 33 secondsBut also, that starts to develop new areas, things like fog computing, which is this idea of not the cloud, but the computing being done at the lower levels so the traffic light data that comes up and has to go straight back without having to go to the centre. So lots of technological advances. Clearly lots of challenges, but as a result lots of fantastic opportunities.
Skip to 4 minutes and 57 secondsSo Mischa, Ericcson and King's College London signed an agreement to work together on the research of the 5G tactile Internet that was in the end of March of 2015. So what are you going to deliver and when? So we're very excited to be part of this with Ericsson, the world's largest telco vendor really on this planet, and now also drifting to the service provisioning to field.
Skip to 5 minutes and 19 secondsAnd we want to come up with this really pioneering 5G infrastructure, which will span from the devices to the wireless interface and the whole architecture as such to make it much more scalable, so therefore, very attractive for business delivering higher rates, but also will be very low delay, because there are loads of Internet of Things applications which require that from a critical rollout point of view-- delivering of services like to the oil and gas industries and heavy machinery. And we actually, then, want to push that a little bit further and come up with what we call this Tactile Internet, which we believe will be the Internet after the Internet of Things.
Some of our experts introduce and discuss the issues around technology standards for the Internet of Things.
In this video, you will hear from various IoT experts about whom you can find further information in the SEE ALSO links below.
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