McKinsey on Internet of Things for Semiconductor Companies [pdf]

I don't believe that McK is a credible source or competent authority[1] when it comes to evaluating the standardization. Also the Gartner Hype Cycle is often quoted this too is BS IMO[2]. Seriously read the resources in the link below before buying into any of the re-urgitated hype that gets spread by these consultancies and journalists.

[1] https://www.linkedin.com/pulse/internet-memes-iot-anxieties-...

[2] http://blog.valbonne-consulting.com/2014/08/14/gartner-hype-...

It shows that McK isn't very experienced in software. IoT is mainly an integration challenge. Getting the data in and out is not the point.

Having vendor inter-operability and standards for device classes, interfaces, and information models is the big problem. Otherwise, we will have lots of disparate application silos the require manual integration _all the time_.