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.
- see this EE Times article
AT&T, Cisco, GE, IBM and Intel form Industrial Internet Consortium for IoT standards
Where the wireless industry will connect to the Internet of Things
AT&T, IBM partner on Internet of Things for smart cities, utilities
Jarich: Betting against the Internet of thing
Gartner: Internet of Things to reach 26B units by 2020
Using Qualcomm's AllJoyn, AllSeen Alliance launches to create standard for Internet of Things
AT&T partners with GE for 'Industrial Internet' connectivity
Who owns the Internet of things?