The Internet of Things (IoT) is a vast new frontier. It encompasses the Industrial IoT, as well as the Human IoT, as segmented by Patrick Moorhead of Moor Insights & Strategy. There are unique challenges but also significant opportunities for the Internet of Things in healthcare, textiles, automotive and transportation, energy, smart homes and cities, communications, defense, agriculture and more that form the foundation of an exciting new tomorrow. The Internet of Things isn’t just changing our lives but changing our economies. Cisco predicts that by 2020 there will be 50 billion things connected to the Internet, generating revenues in excess of $19 trillion. Many companies are looking to be first movers in this area but can be uncertain where to start.
Building the IoT is no easy task and most electronics manufacturers need help fulfilling IoT needs. In April 2015, Jabil sponsored a Dimensional Research global survey of more than 300 supply chain professionals at companies that manufacture electronics goods. While 75 percent of those surveyed are planning, developing or producing IoT-related products, 77 percent admit they lack expertise in-house needed to deliver. This is where a large global manufacturer with broad expertise across multiple industries, like Jabil, comes in.
The size and scale of Jabil enables us to team with leading innovators in virtually every industry to deliver the future of connected devices. With expertise in manufacturing everything from the sensors that gather and communicate data, to the end-products that utilize them (such as smart phones, wearables and medical devices), we possess the expertise to offer one-of-a-kind support to companies who are looking to expand into this exciting new space.
This week, Jabil opened the Blue Sky Center for innovation in Silicon Valley, showcasing expertise and technologies that enable a connected world. Some of this expertise included the IoT Lab, rapid prototyping and digital modelshop capabilities, Radius product development, and New Product Introduction (NPI) capabilities.
It is an exciting time for the Internet of Things and Jabil as we look toward the future. As a member of the Industrial Internet Consortium Jabil continues to work with IoT leaders - including founders Intel, AT&T, GE and IBM - to connect and integrate the world around us seamlessly and elegantly.