Freescale, a chipmaker, is making its thread networking protocol available to start-ups delivering disruptive technology and a plethora of wearable devices.
It is estimated that by 2020, there will be 245 million wearable devices connected to the cloud, and Freescale management says standards should be in place to enable several connected devices to interact as a unit.
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John Dixon, director of corporate marketing at Freescale said, “These start-ups can use tools to build applications on the Android platform.” James Bates, senior vice president and general manager for analog and sensors at Freescale said, “Power consumption and battery efficiency are key aspects that start-ups are working on while adding more sensors.” The current wearable averages at a cost of $100, but as Chinese and Taiwanese companies ramp up mass production, the goods will be more commoditized and command a lower price tag.
With so many devices connected to the cloud, data security is another serious concern for which companies will provide solutions. Dixon added, “There will be several new technology companies in the coming years and we already see different pieces coming together to create these businesses in the IOT world.”
