Home Internet of Things Aussies want ‘open systems’ for IoT as market to reach $20b by 2020

Aussies want ‘open systems’ for IoT as market to reach $20b by 2020

Open systems feature highly on IOT decision makers' radars in Australia, according to a new report which reveals that 81% of organisations rank common data and connectivity standards as extremely or very important.

The report, by global analyst firm IDC, also found that 63% of Australian organisations rate open source software standards as extremely or very important – with security and privacy concerns a major worry.

But, IDC research manager Jamie Horrell says the findings of the survey are “unsurprising”.

"IoT will be an open ecosystem of horizontally specialised players, bringing their own best of breed technology to the table. Open standards are critical to interoperability and it would be a bold move to rely on proprietary standards or vertically integrated players to deliver operational transformation.

“Security and privacy concerns are the biggest perceived inhibitors for deployment of IoT solutions in Australia, with the Australian public remaining nervous about how organisations treat their data following recent well publicised security breaches and attacks.

“Despite this, IDC sees the number of connected devices and connections continuing to grow with freight monitoring, manufacturing operations and connected vehicles being the top three applications of enterprise spending by 2020.

"This is the crux of IoT,” Horrell said. "IoT is not about driving IT efficiency but rather operational efficiency. Applications like supply chain are obvious targets for this."

IDC says it expects to see 2.7 million connected commercial vehicles, 1.7 million pets and million healthcare appliances in Australia by 2020, “reinforcing that IoT is about connecting things that weren't originally intended to be connected to the Internet”.

According to IDC, the total IoT market in Australia will grow to be worth over $18 billion by 2020 with the pie being shared across both traditional vendors and vendors traditionally associated with operational and industrial technologies.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).