IoT (Internet Of Things) - When to Come ? Home : www.sharetechnote.com
When to come ?
Even though I don't agree with exact time scale of the curve, but I am a strong believer of Hype Curve (Gartner) in terms of overall life cycle of emergying technologies. (If you are new to Hyper Curve, you can easily get explanation and tutorials on the web).
According to my personal experience/observation on USB, Bluetooth, SmartPhone .. all of these has followed this curve.
It is also a good stuff to kill time.. pick any item or industry that you personally are interested and google the path on the curve.
Following is the Hyper Curve for IoT that I found and I will keep updating as I find the latest.
Is it good timing, Now, to jump in ?
As of Now (Jun 2015), IoT is not at a good spot on the curve since it was already at the peak a year ago and I might have starting sliding down into long/dark tunnel of 'Trough of Disillusion'.
If you are front end marketing/sales people who needs to make money right away, it would be not a good timing to step in because you would see almost nobody talking about this even before you have any tangible things to sell. But if you are on more strategic/long term marketing, it would not be a bad timing to get in. In many technology, most of R&T starts during the time when there is no hype/no fancy words/no buzzwords. It would be good timing to search and establish the relationship for the potential customer. By the nature of IoT architecture/eco-system, it would be highly likely that it is going to be 'long tail' market rather than conventional '80-20/90-10' market. So finding smaller but more customer will be extremely important in terms of product marketing.
If you are a decision maker on the investment in a company, definitely you may want to wait until the mid/end of Slope of Enlightenment. I would try the same if I am a decision maker because you can minimize the risk for the investment. But it should not be like that for several reasons.
i) If every company decide to wait until that point, the industry and ecosystem will never form and no chance to sell forever. Of course, the best strategy would be to let other take all the risk and you will get in the market when everything is clear... but that would be the area of high level game theory .. finding Nash Equilibrium ? :).
ii) There is another reason why the decision maker should not wait too long. As you might have experienced, no technology can be implemented overnight however simple it sound like. If you start too late, you will be struggling for selling unmature product in the market and end up losing the whole market by the time your implementation is mature.
If you are a R&D person and your company decided to chase this market, I think this is the best timing. This (following a couple of years) would be only period during which you calmly sit in front of desk and doing a real R&D without being disdurbed by Sales/Marking section saying 'We need this, We need that.. my big customer want this and the deadline is yesterday' . No offense for Sales/Marketing people. I know you are the person who bring in the bread and buffer for my survival :)
My personal opinion ? I agree with the hyper curve, but I am a little bit more optimistic in terms of time scale. Considering the accelerating nature of technical development, we may see a little early see the next phase than the current curve estimate.