Cisco Systems and Texas Instruments are both staking claims in the Internet of Things space by forming partnerships with other companies in hopes of advancing this emerging area. Specifically, TI partnered with eight IoT cloud service providers and Cisco launched a challenge to help IoT startups get more visibility.
TI's partners include cloud services firms such as 21emetry, ARM, Arrayent, Exosite, IBM, Spark, Thingsquare and Xively. The company said these firms will provide cloud services to its chip customers and it will continue to recruit other partners.
Cisco, meanwhile, launched an IoT startup challenge in which it will pick three winners in areas such as IoT applications, analytics, management and connectivity. Each winner will share $250,000 and Cisco will help winners develop, test and pilot new technologies. The company, which is taking applications between April 21 and July 1, will potentially partner and invest in the winners.
Cisco and TI are not alone in their IoT efforts. Many companies are flocking to the IoT space, which Gartner forecasts to grow to 26 billion installed units by 2020, representing an almost 30-fold increase from 0.9 billion in 2009.
Just last month, AT&T (NYSE:T), Cisco Systems, General Electric, IBM and Intel announced they are forming a new group, called the Industrial Internet Consortium, to try to create standards for the sensors inside machines and in other areas of the Internet of Things ecosystem.
For more:
- see this EE Times article
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