The IoT spectrum is evolving rapidly and companies are being faced with a surge in demand to which they have to find innovative and fast ways to answer to.
Speaking with CBR’s Joao Lima, Jari Salminen, MD at Cumulocity, said the biggest challenge for the company right now is precisely answering this demand.
"The IoT market is extremely active at the moment and for us the main challenge is really to meet the growing market demand."
German Cumulocity’s is a developer of cloud-based, open-source applications for the M2M market. It started developing its IoT platform, also named Cumulocity, at Nokia Siemens Networks in 2010. The company then was established as a separate, independent firm through a spin-off in 2012.
Explaining the process to create an IoT solution Salminen said: "Developing IoT solutions is all about re-using common components such as device management, data collection, real-time data analysis and alerts, real-time data visualisation, and so forth."
Salminen said the above mentioned was taken into account when developing Cumulocity. The cloud IoT platform has different use cases has he explained: "Cumulocity is used to remotely monitor and control, for example, pumps, generators, roll-up doors, conveyor belt systems, industrial sewing machines, and others.
"Use cases typically include monitoring of key operational parameters, acting on pre-defined conditions, and remote configuration of the machine."
Tracking, with geo-fence alerts, smart water metering, water quality management, building energy monitoring, and remote monitoring of transformer units are other user applications.
Building on from the company’s IoT solution, Salminen also mentioned that Cumulocity is part of the Open Mobile Alliance (OMA), an organisation looking to define mobile phone specifications and standards.
"We see OMA’s Lightweight M2M (LWM2M) initiative being very important and we are working with OMA and IoT/M2M device manufacturers to bring a standards-based solution for device management and service enablement.
"We believe this is the first real opportunity to apply standards in these areas and are fully behind this initiative."
OMA’s LWM2M is a new open industry standard which specifies a way to remotely manage a range of M2M devices and connected appliances in the IoT.
Looking ahead, Salminen predicted the next big business wave to be a shift from turning current hype in new IoT domains to real projects.
"We see steady growth in traditional M2M domains such as industrial, telematics, and others, but turning the current hype in new IoT domains (vending, buildings, smart cities, medical, etc.) to real projects will drive the next stage of growth."