Israeli innovation is gaining momentum in the IoT arena. Here are a few reasons:
Although portrayed as a futuristic vision, the Internet of Things has become an integral part of Israeli innovation. From sports gadgets monitoring our performance to smart wearables for our pets, it seems that we are naturally adjusting to an IoT environment. The IoT essentially refers to the concept of adding sensing capabilities to an object and connecting it to the internet. By connecting objects, users can collect data and remotely control the physical world.
According to a report from the venture capital firm Innovation Endeavors, released in late 2015, Israel is becoming a global leader in the IoT. Israel has 330 IoT companies (5% of the Israeli startup eco-system) across 5 different verticals. Consequently, it’s understandable that investors and major industry players worldwide are gaining interest in Israeli innovation. Beyond its entrepreneurship nature and “startup nation” reputation, Israel’s high-tech advances to date seem to fit the IoT needs precisely. Personal gadgets are fun and cool, but forecasts show that ag-tech, healthcare and cyber security will be the strongest sectors in IoT. Moreover, they also happen to be a part of Israel’s most substantial proficiencies.
Within the 330 Israeli IoT companies, most develop dedicated end products for specific sectors such as:
- Precision agriculture systems that are increasing quality and quantity of yields.
- New connected medical devices that are intensifying the relationship between caregivers and patients.
- Smart toys taking UX to a whole new level.
- Many more.
These companies have penetrated the market with end-to-end solutions answering crucial needs. Clearly, when it comes to IoT, the possibilities are endless.
Surprisingly enough, only few companies are working on platforms that provide the infrastructure to create IoT products. As IoT Israeli innovation keeps on expanding, there is a great need for technologies that will make production accessible and affordable. One of these companies is Atomation, that developed an end-to-end platform for the fast connection of any sensor to the cloud. According to Atomation CEO Guy Weitzman: “We recognized so many Israeli IoT companies entering the field with really awesome concepts. We wanted to develop a platform that will let customers connect their products faster and with lower costs.”
The small country’s technology is not only reaching the desirable Silicon Valley, but also spreading through every remote region you can imagine. Before jumping that far, One of the most relevant locations in the US seeking Israeli partnerships is St. Louis. With organizations like BioSTL, St. Louis is discovering Israeli innovation for Midwestern fundamental industries. The idea behind these collaborations is to leverage the future-forward IoT by incorporating it in timeless traditional sectors (factories, agriculture, healthcare, energy, etc.).
Israeli Innovation is Flourishing
It’s the dawn of IoT activity in Israel, and companies are working hard to make sensors smaller and apps smarter. As competition is getting tighter, more revolutionary products are developed. Evidently, we are witnessing a new industry grow and flourish. Projections show that by 2020 50B objects will be connected to the internet, and we expect to see Israel conquering a fine share.