The Internet of Things (IoT) represents a vast array of opportunities for optics given the sheer number of technologies that will be connected to the internet in the future. From wearables to home monitoring systems, and from the tiniest camera modules to gesture recognition optics, the highest quality components will be in demand for groundbreaking technologies in our networked future. In burgeoning healthcare, automotive, smart homes, and communication developments, exciting challenges await for our optics assembly equipment and, of course, the entire manufacturing sector.
The Internet of Things is poised to be a major driver of economic growth in the near future. Cisco predicts that by 2020 there will be 50 billion things connected to the Internet, generating revenues of more than $19 trillion. However, building the IoT up to that level will not be a simple task.
In April 2015, Jabil sponsored a Dimensional Research global survey of more than 300 supply chain professionals at companies that manufacture electronics goods. While 75 percent of those surveyed are planning, developing or producing IoT-related products, 77 percent admit they lack the expertise in-house needed to deliver them. That shows there are some major knowledge gaps that must be filled, but once they are, there is great potential for producing new internet-enabled products and services.
Those surveyed saw value in using data from the IoT to drive product innovation. About half of them believed that data gathered from the IoT could potentially help in: delivering new product capabilities; creating new products, services, or business models; understanding failures to improve quality; and measuring feature usage to inform user design. It is an exciting time for the Internet of Things as we look toward the future. We at Kasalis hope to contribute meaningfully to the digital integration of the world around us.