Verizon launched 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 in an open environment.
Thingspace, which will leverage an existing ecosystem of more than 1,000 channel partners and revenue from the company’s IoT and telematics business, promises to accelerate innovation and adoption of IoT devices. At a press event in San Francisco, Verizon’s executives said the industry is poised to move from millions to billions of connected devices and sensors in the coming years. To achieve this, Verizon is creating a new dedicated network core and new connectivity options for the next-generation of IoT use cases in verticals such as agriculture, healthcare, the consumer electronics evolution and the sharing economy.
Verizon has created a core IoT network within its LTE architecture optimized for Cat1 devices. The company is also working with partners to embed LTE chipsets in a wide-range of connected machines to automate the provisioning process and make it faster to deploy IoT devices on its wide-area network
Significantly, Verizon will offer a big data analytics engine tied into its IoT deployments. ThingSpace will provide end-to-end management of IoT environments and related data, from device to network to application. The goal is to offer hundreds of APIs via the Thingspace environment. The data and analytics engine is being developed at the Verizon labs in Palo Alto, California.
“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.”
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