Verizon today announced its global strategy to simplify the Internet of Things (IoT) and accelerate market adoption. Verizon’s plan includes launching ThingSpace -a new IoT platform allowing developers to create applications, customers to manage devices, partners to market their services, and Verizon to launch integrated
vertical solutions simply, in an open environment. Creating a new dedicated network core and new connectivity options for the next-generation of IoT use cases. Driving innovation to tackle big challenges in agriculture,
healthcare, the consumer electronics evolution and the sharing economy.Commercializing Verizon’s big data analytics engine for IoT deployments. Introducing three new end-to-end smart cities solutions, Intelligent
Video, Intelligent Lighting and Intelligent Traffic Management.
With an ecosystem of more than 1,000 channel partners and revenue from its IoT and telematics solutions totaling $495 million year-to-date, Verizon is generating one of the largest amounts of revenue from the Internet of Things of any company in the U.S.
“Continued innovation in smart cities, connected cars and wearables demonstrates that IoT is the future for how we will live and work,” said Mike Lanman, senior vice president Enterprise Products at Verizon. “Despite
the exciting potential, IoT is still too complex, too fragmented, too expensive to connect and too hard to scale. Success in that future relies on a leader that can cut through the complexity and change the IoT model.
That’s where Verizon comes in. With our experience in networks, devices,platforms and applications, we are taking a holistic approach to simplifying adoption to expand the IoT market from millions to billions of connections.”
Verizon outlined its IoT strategy at an event held at its San Francisco Innovation Center. The company also
showcased how it’s putting its IoT capabilities to work for customers in the marketplace today through ongoing collaboration. Projects underway include : Collaborating with Intel, the largest chipset maker in the world, to
pilot Verizon’s agricultural platform at Hahn Family Wines, a family-owned winery based in the Santa Lucia Highlands, located in California’s Monterey County. With more than 1,000 acres of vineyards, the pilot uses sensor data and analytics that can be used effectively to conserve and add precision to resources like water and energy, prevent disease and lower operating costs -resulting in increased and consistently predictable crop yields.
Teaming up with Renesas, one of the largest suppliers of microcontrollers in the world, to enable manufacturers of connected machines in IoT and industrial segments to embed Verizon IoT’s technology early in the design process and scale quickly. Helping to monitor pharmaceutical products in the supply chain and improve safety utilizing Verizon Intelligent Track and Trace. Verizon’s strategic relationship with rfXcel uses IoT technology and leverages the Verizon network, to provide near real-time monitoring of product environments. The commercial launch of Verizon’s Intelligent Track and Trace Solution is expected spring 2016.Helping colleges and universities across the U.S. reduce their carbon footprint by up to 20 percent by powering the Innova EV Car Share fleet of all-electric vehicles with Verizon Share, an app designed for today’s sharing economy. As millennials place more emphasis on sharing than on owning vehicles, Verizon’s partnership with Innova EV Car Share is aimed to expand its reach beyond the existing pilot program to other campuses.Pilot sites include the University of Pittsburgh, Colorado State University,the University of Wisconsin-Madison and Washington State University.
“We are thrilled to be working with Hahn Family Wines, Innova, Intel,Renesas and rfXcel among many others, to help them scale and create new business models. These projects show the tremendous range of issues that we
can attack in new ways with IoT solutions. We look forward to engaging other customers, partners and developers through our new ThingSpace platform and helping them bring transformational ideas to market,” Lanman added.
Verizon’s intelligent solutions will help municipalities integrate disparate systems, monitor traffic and safety conditions in real-time and manage their systems in a dynamic way to improve efficiency and public safety. Verizon is offering these solutions as-a-service so that municipal leaders can start small and scale fast.
“Smart cities are complex. They work best when their systems can coordinate and communicate with each other seamlessly. What is the correlation between a street light and public safety, or parking and traffic flow? Our
intelligent solutions can be used as important tools for revitalizing urban life, stimulating economic development and making communities more dynamic, resilient, sustainable and secure,” Lanman added.