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Ireland’s Internet of Things position is the envy of the world

Head of Technology at IDA, (Industrial Development Authority) Leo Clancy, has boldly claimed that Ireland's IoT position is the envy of the world. He feels Ireland is perfectly placed as global industries continue to invest significantly in IoT.

Three words that prominently feature as a recurring theme during his interview with Silicon Republic are 'Collect, Connect and Transform'.

According to Clancy, these words define Ireland's base targets for creating an environment for the impending IoT revolution which is being implemented across various enterprises and regions all over the world.

Clancy said: "A colleague of mine summed it up brilliantly when he was asked to explain Ireland's role in the area of IoT, he said we think Ireland is a great place for all the different layers of IoT."

Fundamentally, that is devices to collect data, networks that communicate the data back to central points, and analytics that look at the data can all be created, trialled and ultimately commercialized in Ireland.

"The way we summarize doing these things is through a process of Collect, Connect and Transform - so I do think we are a great place for all the different layers poised by IoT."

Sea, land, cities and sky - ensure Ireland has an abundance of resources, brains and infrastructure that make it the natural home for researching and investing in the internet of things.

The global value of the IoT sector is predicted to exceed €34bn a year by 2020, with an expectation that 4.9bn devices will be connected in 2015, rising to 25bn by 2025.

The creation of fifty new R&D jobs in Dublin from IoT business PTC sparked interest and intrigue from the Irish public who were unaware of what IoT was - and were keen to find out more about this growing industry.

Ireland is only starting to emerge from a bleak economic depression following the recession in 2008 - which resulted in thousands of job losses, the repossession of homes and the mass emigration of its skilled young population.

Brexit has cast fresh fears for the future of the economy yet again, although US, British and Swiss investment banks are rumoured to view Ireland as the perfect platform for them to continue to access the EU after the UK leaves the bloc.

However, there is a real sense of belief Ireland could benefit greatly from this IoT digital revolution.

Through evolution, design and policy - as well as an abundance of raw talent - IoT portends the dawn of a new industrial revolution, and Ireland will be at its heart.

In addition to that we have an abundance of research centres, smart city projects and natural geographical benefits which are potential tools with which the country could thrive.

However, one of the key reasons behind the belief Ireland can be a haven for all things IoT are due to that fact it has a plethora of key companies based in the country.

Clancy, namechecking one company in particular, agreed.

He added: "Movidius is a great Irish company, a brilliant success story," he said. IoT, AI and computer vision are three trends the IDA is constantly seeing as it canvasses the industrial environment.

Every company has one or more of these topics in mind. Movidius, though, has all three. "It has an IoT device," said Clancy, "advanced computer vision and strong AI capabilities."

"Movidius is not an overnight success. They came out of previous ecosystems, they're very supported by the likes of Tyndall; creating that environment probably goes back 35 years… to the creation of Tyndall."

Positioning yourself to benefit is one thing, but benefiting is quite something else. Should Clancy's views stand the test of time, Ireland could soon achieve the latter.