PALO ALTO,Calif. — The Internet of Things can't comefast enough for Janusz Bryzek.
The Fairchild executive wants to create aconsortium of companies and governments thatdevelops a road map and pools funding todrive towards a market of trillion sensors.To get the ball rolling, he organized The TrillionSensor Summit where more than 50presenters from around the globe sharedtheir thinking with more than 200executives.
“This could be the biggest business in thehistory of electronics,” Bryzek told thecrowd, citing estimates from Cisco Systemsand GE of a $15 trillion IoT market by 2020.
Bryzek is not alone in his desire toaccelerate and get ahead of what couldbecome a 1 percent to 15 percent slice ofthe global GDP. Industry giants includingAmazon, Cisco, and GE are ramping up IoTservices and business units. One medicalelectronics giant just finished a strategicplan for how it could connect its diversesystems, gathering data to create newservices.
Another entrepreneur at the summit isdreaming of his own IoT effort which couldtake the form of an incubator and investmentfund. “It can be hard for [IoT innovators]to get funding — I know because I listenedto these people for years and I feel theirpain,” said Flavio Bonomi, who recently leftCisco where he was a research fellow in thecomms giant's emerging IoT effort.
As a veteran of at least three sensorstartups, Bryzek knows there are plenty ofhurdles ahead. The Internet of Things is afragmented collection of diverse markets,each with its own needs. They share a demandfor sensors that cost $1 or less and consumenext to zero power.
“Everyone wants more sensors, but thehockey stick of growth hasn't happened yet,”said Ajith Amerasekera, engineering directorof high performance analog at TexasInstruments and one of the speakers here.”On one side the operating systems andsoftware need to be in place, and on anotherside we need more killer apps,” he said.
The opportunities are equally large. “Theby-product of a trillion sensors is anabundance that will change the world forbetter — we will live healthier and longerin a less polluted world,” Bryzek said.
On a more personal level, Bryzek's companyis preparing its own family of sensors,expected to roll out in 2014. And theentrepreneur foresees the possibility of thefirst billionaire in themicroelectronic-mechanical systems (MEMS) inwhich most sensors are made.
The following pages give a sampler ofslides from the Trillion Sensor Summit,showing some of the opportunities andchallenges ahead.
To view more slides from the summit, go to “Two big opportunities.”