) declared that it is establishing Open Interconnect Consortium
("OIC"), an initiative focused on improving interoperability for
Internet of Things (IoT) with the support of other industry leaders
including Dell, Samsung,
) and Wind River.
Per Intel, the group is an effort to develop technological
standards for the next big thing in the technology world, IoT,
which involves the connection of next generation devices to each
other. IoT is a computing concept where physical objects of
everyday use will be connected to the Internet and will be
characterized by autonomous provisioning, organization and
As per a recent report from IT research firm Gartner, the IoT
market, excluding PCs, tablets and smartphones, is expected to grow
to 26 billion units in 2020, an approximately 30-fold increase from
0.9 billion units in 2009.
The effort is expected to strengthen Intel's footprint in the IoT
space. The success of IoT depends on the capability of devices to
safely interconnect and exchange information as seamlessly as
possible and Intel intends to achieve this with the OIC initiative.
Moreover, association with big names can be an added advantage to
successfully implement and accelerate the process.
The group is designed to encompass a range of connectivity
solutions to set up a worldwide communications framework of
open-source software, which will be compatible with a variety of
form factors, operating systems and service providers. This will
enable varied interconnected devices, ranging from home appliances
to smart devices to wearables, to communicate with one another and
share information. The consortium plans to bring billions of
devices online by 2020.
Members of the group will contribute their intellectual property to
be used by all members to develop a protocol specification, open
source execution, and a certification program, in an effort to
accelerate growth of the IoT.
Companies from different sections of the industry are expected to
participate in the program, which will enable participants to
create interoperable products. In addition, it will allow them to
intelligently and safely manage and share the flow of information
under varying power and bandwidth conditions, even in the absence
of a data connection.
The venture will join others including the Industrial Internet
Consortium and smaller protocols such as MQTT and XMP and is
expected to directly compete against
)-led AllSeen Alliance. The AllSeen Alliance is based on the
Qualcomm developed AllJoyn project, and includes
), Sharp, Fon, and HTC among its members. Products based on
AllSeen's protocol are already present in the market, so Intel has
its work cut out.
Intel shares currently hold a Zacks Rank #1 (Strong Buy).
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