Smart X is taking off in a big way, according to the Chairman of the Smart Homes Conference 2013 which took place in Cambridge Q4.
But there are risks of great inefficiency and impediment to the evolution of the industrial internet because the technology or innovation is often still built within a silo, incompatible from hardware or software or data sharing with other innovations.
This is a potential barrier to maximally speedy development and is likely in part to be due to the use of business models attempting to appropriate value to investors and entrepreneurs having this effect.
ARM, the Lead Sponsor of the 2013 conference, therefore noted that we should be looking for business models and strategies to make money from Smart X such that are open and enable rapid development and crossovers.
Interoperability of devices will be important, while data needs to kept secure. Innovation needs to be driven by diversity.
Telenor stated that the 10 billion smart home devices currently, would go to 50 billion by 2020. They noted that the value of a network grows rapidly with the number of connected devices, but more also with the effective use of the data shared.
This year Cambridge Investment Research combines its Smart Series conferences under the banner Smart X. We will return to interoperability. We will look careful at monetisation and business models. More to be announced!
We look to X = Grids and Energy 3-4 June in Cambridge. Then we move to other cities. There is also a related industrial conference series called HVM, which this year focused on carbon-based functional materials such as graphene, diamonds, carbon black and nanotubes.
These event series each have great potential and together it is exponential!
We look forward potentially to greeting you in person at one of these sensational events, hopefully starting this summer in Cambridge.
Watch this space!