What is IoT (Internet of Things)?
A device or machine, that is not a traditional computer, that has the ability to connect to the internet can be described as being an IoT device. With a large, and increasing, number of devices and machines communicating to and each other over the Internet, the Internet has evolved from a network of computers to the “Internet of Things”.
What is M2M (Machine-to-Machine)?
M2M refers to the open connection between machines and devices allowing for the transmission of data, either between the devices or back to a central operator.
With an increasing number of devices communicating with other devices over the internet, the ability to access real-time actionable data from machines and devices, creates huge opportunities for device operators.
Accessing real-time actionable data allows businesses to better understand and more efficiently communicate with their machines.
The benefits are obvious and significant.
What are the benefits of IoT and M2M?
The pool of connected IoT devices is predicted to more than double from 12 billion in 2016 to 30 billion devices by 2020 (see graph below) with the majority of growth a result of new machine connections. These commercial applications will include factories and industrial equipment including robots, healthcare devices, agricultural and mining machines and construction applications.
The largest US cellular carrier, Verizon, contracted ConnectedIO to design and build one of the company’s earliest iterations of its cellular modems, the LT1001 in 2013. This device was the starting point for the company’s entrance to the M2M space. Following the success of this device testing and approval by Coca-Cola, ConnectedIO received a ongoing order in 2014, to supply Coca-Cola with this early modem for its freestyle vending machines. The LT1001 modem helps Coca-Cola get real-time monitoring of the machine health, performance and stock usage for all its machines.
Since then, ConnectedIO has signed collaboration agreements with AT&T, Verizon, T-Mobile and Vodafone to promote its products to their customers.
ConnectedIO currently supplies hundreds of customers across the globe including notable names such as: Coco-Cola, Sonos, JohnRyan, Kesprey Drones and Hills Industries in Australia. A number of civil organisations such as the Nashville police force have also integrated ConnectedIO’s devices into their machines.
ConnectedIO was founded by global wireless device expert, Yakov Temov in 2013 following the merger between Wireless Intercom Designer, ICU Wireless, and White Label Corporation, the designer and inventor of the original LT1002 wireless modem for Coca-Cola. ConnectedIO was subsequently taken over by Australian Stock Exchange listed business, Leopard Resources, and renamed ConnectedIO (CIO.ASX).
ConnectedIO continues to improve its sales position and integrate its products into the machines and devices of an ever-increasing array of equipment manufacturers and systems integrators.