Ten years in the making, the M2M revolution is increasing its momentum in the market with technological advances and business conditions aligning to spur growth.
But a closer look reveals that there's more going on here than just increased customer adoption. Fundamental changes have occurred in the nature of M2M applications, and those changes are helping to drive this segment's phenomenal growth rates.
Just as Web applications transitioned from centralized Web 1.0 systems to collaborative Web 2.0 solutions, with which end users create and share content, the M2M market is undergoing a similar and equally profound change. At SensorLogic, we refer to this new paradigm as 'M2M 2.0'.
M2M 2.0 applications have advanced characteristics that go well beyond the monolithic monitoring systems that typified M2M's first wave. M2M 2.0 offerings have become community-based, collaborative applications that scale more dramatically, include new types of users, capitalize on advances in smart device technologies, and extract higher levels of business intelligence from the connected world.
Leading organizations are using M2M 2.0 applications to add completely new dimensions to their operations and to conduct their business in more efficient, proactive and intelligent ways. For these organizations, M2M 2.0 innovations are creating real competitive advantages and opening up significant new business opportunities.
There is, however, a fair amount of complexity involved in developing M2M 2.0 applications, especially doing so all in-house. That's why smart organizations are opting to work with new service delivery platforms rather than building their M2M solutions from scratch. The cloud-based SensorLogic Service Delivery Platform is specifically designed to meet this need. It accelerates development and deployment of these sophisticated solutions, masking companies from their underlying complexities. The result is higher-quality M2M applications, faster time to market and lower development costs.