This story was delivered to BI Intelligence IoT Briefing subscribers. To learn more and subscribe, please click here.Honeywell recently announced that it will join Georgia Tech's Center for the Development and Application of Internet of Things Technologies.This comes after the company opened a software center and office in Atlanta near the Georgia Tech campus last fall. Honeywell joins competitor Stanley Black & Decker, as well as Cisco, IBM, and AT&T in participating in the research center.Honeywell likely wants access to the talent and resources that a large technical university like Georgia Tech can offer. It could be looking to recruit developers and engineers from the school ' by securing a spot on its campus, Honeywell will be able to develop relationships with the high-skilled students that Georgia Tech is grooming before they even graduate. Meanwhile, Georgia Tech's center offers research and testing labs that Honeywell may otherwise not have had access to.This lab will only add to Honeywell's leading status across many IoT segments. Honeywell stands outas a provider of both consumer and enterprise IoT hardware, including smart thermostats and enterprise robotics. The company earned $15 billion in revenue in 2016 from its home & building and safety & productivity units, up nearly $1.5 billion from 2015. Participation in this research center should help the company continue to grow this already large revenue stream by helping it to attract more top talent.The Internet of Things (IoT) is growing rapidly as companies around the world connect thousands of devices every day. But behind those devices, there's a sector worth hundreds of billions of dollars supporting the IoT.Platforms are the glue that holds the IoT together, allowing users to take full advantage of the disruptive potential of connected devices. These platforms allow the IoT to achieve its transformational potential, letting businesses manage devices, analyze data, and automate the workflow.Peter Newman, research analyst for BI Intelligence, Business Insider's premium research service, has compiled a detailed report on the evolving IoT platform ecosystem. This reportsizes the market and identifies the primary growth drivers that will power the IoT platform space in the next five years. It also profiles many of the top IoT platforms by discussing key trends in the platform industry such asplatform consolidation.Here are some of the key takeaways:The IoT platforms market is set to expand rapidly in the years to come, with current leading platforms expanding and others entering the space.We define the key categories into which IoT platforms fall: building block open platforms, closed high-end platforms, and product management platforms.We highlight the ways platforms can help companies reach the full five stage potential of the IoT.In full, the report:Explains the coming growth of the IoT platforms.Profiles a number of leading platforms.Highlights the central role platforms play in the IoT.Looks to the future of the IoT platforms market.Interested in getting the full report' Here are twoways to access it:Subscribe to anAll-Accesspass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensureyou stay ahead of the curve and benefit personally and professionally. >> START A MEMBERSHIPPurchase & download the full report fromour research store. >> BUY THE REPORTJoin the conversation about this story
Click here to read full news..
