Interdigital Internet of Things Keynote at Telecom Council of Silicon Valley:
Non-Standard M2M Adoptions Won't Survive Market Test
Executive Vice President Allen Proithis Validates Challenges With New Survey
Data From IHS Research
WILMINGTON, Del., May 2, 2013 (GLOBE NEWSWIRE) -- Allen Proithis of
InterDigital, Inc. (Nasdaq:IDCC), a wireless research and development company,
today delivered a keynote address at the Telecom Council's Mobile Forum on M2M
in Santa Clara, California. Speaking to a group of nearly 100 industry
experts, Mr. Proithis highlighted the need for standards-based M2M solutions,
and predicted that many of the companies currently involved in proprietary M2M
solutions would not survive the transition to a standards-based, interoperable
Internet of Things.
"If history holds true, and standards and platforms do have the same effect in
M2M as they've had throughout technology history, I'm going to predict that
the vast majority of companies that have been involved in M2M to date – doing
custom integrations, building proprietary solutions, deploying systems soup to
nuts – will disappear within the next decade or so, unless they make a
substantial change to their business," said Mr. Proithis, Executive Vice
President of InterDigital Solutions. "The standardization process creates a
worldwide, massive R&D project – a crowdsourcing – that incents engineers and
inventors around the globe to discover the best answers to the hardest
problems. And everyone benefits from that research – existing companies,
certainly consumers, but also new companies that can find new ways of doing
business because the core technical challenges have been solved."
In his keynote, Mr. Proithis stated that standards are the most critical piece
of the Internet of Things puzzle. Survey data by leading information and
analytics firm IHS (NYSE:IHS), released today at the Telecom Council's Mobile
Forum, supported his view. When asked by the survey what they see as the
biggest challenges in reaching mass adoption for M2M and the Internet of the
Things, a panel of wireless industry executives responded as follows:
*86 percent of respondents see standards, architecture and interoperability
as the number one challenge in M2M reaching mass adoption;
*57 percent of respondents named merging diverse architectures as a
challenge with M2M industry standards; and
*57 percent of respondents named timelines of standard committees as a
challenge with M2M industry standards.
*4 of the top 5 concerns involved standards and industry collaboration
around matters like APIs, while the fifth primary challenge was the
installed base of proprietary platform.
"The M2M market is growing rapidly and transforming into the Internet of
Things with the proliferation of connected devices and cloud-based solutions,"
said Bill Lesieur, Electronics & Media senior analyst, IHS, who was the
event's featured analyst. "As the results of our recent survey indicate,
developing an industry standard for this space is critical to support mass
adoption, and leaders recognize this as a top priority. Standards provide
several key benefits including simplifying application and delivery,
facilitating interconnectivity and reducing costs."
InterDigital develops fundamental wireless technologies that are at the core
of mobile devices, networks, and services worldwide. We solve many of the
industry's most critical and complex technical challenges, inventing solutions
for more efficient broadband networks and a richer multimedia experience years
ahead of market deployment. InterDigital has licenses and strategic
relationships with many of the world's leading wireless companies. Founded in
1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
CONTACT: Patrick Van de Wille
+1 (858) 210-4814
Press spacebar to pause and continue. Press esc to stop.