Internet of Things Applications

Internet of Things is so hot right now that “poser companies” abound, said one local expert at this week’s Philly IoT Meetup. But a definition is a little harder to come by.



Now might be a good time to come clean if you don’t totally understand what the Internet of Things (IoT) means.

Turns out it’s nearly impossible to define. That’s what two experts said at this week’s Philly IoT Meetup, which brought around 75 people to product firm Bresslergroup’s offices at 12th and Arch. But Rick Bullotta, former CTO of ThingWorx, gave it a shot anyway.

[...]

On the flip side, quickly growing awareness of IoT among Chief Experience Officers provides opportunities for entrepreneurs.

“These companies are saying, ‘We have to get ourselves some of that IoT stuff. How do we do that?'” said Bullotta.

They’ll need to look to external sources to make up for a lack of internal R&D, technical maturity and digital transformation mindset. (Bulotta knows this from experience. His company, ThingWorx, got acquired by PTC, a Boston-area company that badly wanted to get into the IoT space and was willing to pay for $112 million for it.

See more at: technical.ly