Industry report estimates indicate that over 30 Billion devices are expected to be connected to the Internet by 2020. Gartner estimates that the Internet of Things (IoT) will support total services spending of USD 235 Billion in 2016, up 22 percent from 2015, and nearly USD 6 Trillion will be spent on IoT solutions over the next five years. While consumer IoT will play a major role, connected devices in enterprises, also known as Industrial IoT, will contribute over 60% of IoT spending in 2016.
Adding context to the data from multiple connected ‘end-points’ gives businesses the ability to respond in real-time in a manner that is most relevant to the circumstances and dynamics of the situation that is being addressed.
David A. Walsh, the founder of Kandy, coined the phrase ‘Exchange of Everything’ for this network of interconnected devices, infrastructure, people and applications. The Exchange of Everything encompasses a world where the Internet of Things (IoT) and Real-Time Communications (RTC) intersect into a completely disruptive realm. He explains “There are billions of end-points flourishing on the Internet of Things (IoT) and there are unlimited possibilities when it comes to Real-Time Communications (RTC) particularly as better software, new standards, and powerful platforms make embedded, contextual human communications possible. Where I see the world expanding into a completely disruptive realm is at the intersection of IoT and RTC – what I am calling the Exchange of Everything (EoE).”
The Kandy Platform provides the communications capabilities such as messaging, voice, video, chat, and presence for the Exchange of Everything. The Kandy Platform is easily “Bolted On” to the network for IoT, and to Edge IoT platforms and Gateways. Messaging and IoT applications (across multiple end devices), chat bots and developers connect to Kandy via easy APIs to provide human and bot connectivity for multiple industry verticals and consumer applications.