Israeli companies are 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 our everyday lives. 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, data can be collected and the physical world can be automated and remotely controlled.
According to a report from the venture capital firm Innovation Endeavors, released in late 2015, Israel is becoming a global leader in the IoT. With 330 companies (5% of the Israeli startup eco-system) across 5 different verticals (and 23 sub-verticals) it’s understandable that investors and major industry players worldwide are gaining interest in Israel. 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, and they also happen to be a part of Israel’s most substantial proficiencies.
Within the 330 IoT companies, most develop dedicated end products for specific sectors. We’re seeing intelligent systems for farming 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 and many more. These companies have penetrated the market with end-to-end solutions answering crucial needs, and when it comes to IoT, the possibilities are endless.
Surprisingly enough, only few companies are working on platforms that provide the tools and infrastructure to create IoT products. As IoT 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 IoT companies entering the field with really awesome concepts. We realized that we wanted to develop a platform that will support these companies by giving them the tools to 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, that with organizations like BioSTL discovers Israeli innovation for Midwestern fundamental industries. The notion behind these collaborations is that the future-forward IoT can be best leveraged when incorporated in traditional sectors that have been here for decades and are here to stay (factories, agriculture, healthcare, energy, etc.).
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 being developed and 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.