Internet of Things

IoT: The Intelligence of Things?

Connected devices that talk to each other are powering the seismic technological shifts that are transforming everyday work and life. In PYMNTS’ February Internet of Things Tracker, sponsored by Intel, we profile 41 players who are working hard to claim their fair share of the seismic returns that this transformation will enable. We also interview one of the biggest players in the field. Flex’s Sanket Amberkar reveals where they see the seismic shifts – and ROI – taking place – and why IoT really needs to be rebranded as “The Intelligence of Things.”

It’s becoming increasingly apparent that IoT is a big, big business, with many notable players spending billions bringing innovations to consumers and industries. These are the kind of innovations that have the potential to change the way people lead their lives and run their businesses. Whether it’s with connected cars, smart grids or wearables — IoT is now somewhere in the midst of a transformation from science fiction to reality. 

The February edition of PYMNTS’ Internet of Things Tracker, sponsored by Intel, brings you the latest industry news and trends, along with the addition of 10 new provider profiles — now totaling 41 companies — across categories from devices to infrastructure to software to data. 

IOT IS EVERYWHERE AROUND US (AND ON US)

For this month’s cover story, PYMNTS interviewed Sanket Amberkar, Flextronics’ Senior Director of Innovation and New Ventures, about where Flex sees the biggest opportunities in IoT. The answer? Seemingly everywhere. Amberkar focuses on the fast and furious IoT developments happening in health care, consumer technologies, energy, automotive and transportation, and agriculture. The developments are staggering. Here’s a sneak peek:

When talking IoT with someone from Flex, the first thing you should probably know is the company prefers to call it the “Intelligence of Things,” Amberkar said. Internet of Things “only means connectivity,” he explained. “That’s what the Internet does, the Internet connects stuff together. But you’re also putting a lot more intelligence in the end devices themselves,” he said. “And that means you’re really building smart and connected devices, not just connected devices… there’s security capabilities, there’s software capabilities, there’s sensors on these devices that were never there before, so it’s more than just about the Internet.”

Nomenclature aside, Flex is a big player in IoT – producing and helping to produce solutions involving tons of connected, intelligent devices that enable IoT in a variety of settings. In a recent interview with PYMNTS, Amberkar discussed where the company sees the biggest opportunities in IoT.

 

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About the Tracker

The PYMNTS.com Internet of Things Tracker, sponsored by Intel, showcases 41 top companies, including Apple, Google and Verizon, that are leading the way in all aspects of the Internet of Things.

Every month, we’ll take a look at what these companies are doing across the ecosystem and in 6 categories: Devices; Infrastructure; Payments; Security; Software; and Data.

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Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The September 2019 AML/KYC Tracker Report provides an in-depth examination of current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space.

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