Posted by:McKinley Hackett February 25th, 2016

Of course by now you’ve heard of various expansions on the term IoT to “The Internet of Objects,” ‘The Internet of Services,” and my favorite, “The Internet of Everything.”  The Internet of Things for Medical is poised to take a large portion of the nearly $6 trillion, which will be spent on IoT solutions over the next five years, as stated by Business Insider.  Boston is noted as a critical IoT hub due to the universities, leading edge hospitals, and IoT platform providers such as Xively and PTC.

To be an IoT-m solution you must have 4 attributes:

  1. Connected (4G, ZigBee, Wifi, ZWave, NFC, etc…)
  2. Measured (creates or captures data and metrics)
  3. Integrated (with 3rd party backend system for analytics and decision making)
  4. Valued (impacts people by improving health, wellness or lifestyle)
Earlier this week, in Boston, several companies were highlighted on WBZ news, by Chris McKinnon, as first movers with compelling IoT-m wearable solutions.  When you consider FitBit has reached revenues of $1.8B in 2015 and has added 1000 customers for corporate wellness, there is validated hope for real revenues for innovative ideas.

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Kopin in Westborough, MA has made sunglasses with an embedded video screen for smart eyewear, enabling the user to multitask with the integrated phone and video functions in a single device.  People will start to use solutions like smart eyewear as the center for leveraging new platforms like Apple’s HealthKit.

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MC10 in Lexington, MA has made sensors which can be easily worn, collect data about the body and even skin condition.  These small, pliable sensors are ideal for efficiently interacting with increasing amounts of data and integrating with 3rd party companion mobile apps.

About 40 million adults now have wearable devices like fitness trackers, according to eMarketer. That’s estimated to be a 57 percent increase from about a year ago.  Gartner has estimated that there will be nearly 21 billion IoT devices installed by the year 2020, and devices connected to monitor health are going to play a huge role.  With corporate expertise and multiple health resources available, Boston is poised to be a hub for IoT-m.

Make sure you check the To-do List for CIO’s in 2016!Click on the image to download your copy!

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