R&D PROJECT: SMART MOBILITY
System platform for IoT Smart & Start Italia
Project Code: C84E16000540008
Main Objective: Development of a platform for the management and communication of Internet-connected devices.
Axis III – Investment Priorities for SMEs – Action 3.5.1: “Measures to support the creation of new enterprises
Both through direct incentives and the provision of services,
and through microfinance interventions.”
SPLIT is a Smart & Start Italy project. It positions itself in the IoT market for enterprises, effectively supporting the shift from an M2M to an IoT model of communication. The M2M market is expected to grow from 3.2 billion connected objects in 2013 to 18.5 billion in 2022. If we add to these numbers those of the traditional market such as PCs, tablets and laptops, we arrive at the astonishing figure of 30 billion connected objects in 2021 compared to the current 11.5 billion.
So in a global market with a projected annual growth rate of 11% CAGR, this particular market, perhaps anachronistically called M2M, being in fact all IoT for business, will grow by 22% CAGR, while that of traditional PCs, tablets and laptops by 4% CAGR. (Machina Research 2013).
The main barriers to IoT for Enterprise adoption are twofold. This marked growth can only happen if the use of these technologies is simplified.
SPLIT with its web-centric and open approach, use of open protocols, structured APIs simplifies this use and sets the stage for change.