Internet of Things Market Growing? PsiKick Infographic Explores Shrinking Expectations

PsiKick, Inc., a venture-backed startup pioneering wireless, batteryless IoT sensing systems, today released a new infographic titled Why are Internet of Things (IoT) Expectations Shrinking?

The infographic, available for download here, highlights the drastic decline in the number of IoT devices expected by leading technology and research firmsstarting with IBMs prediction of 1 trillion connected devices by 2015, then Ciscos revised forecast of 50 billion devices by 2020, and most recently, GSMAs prediction of a mere 25 billion IoT devices by 2025.

PsiKick, which last month debuted its self-powered Steam Trap Monitor (STM)a solution that utilizes the heat of a steam system itself to power sensors that continuously analyze steam traps to detect real-time failurehypothesizes in the infographic that the reason the number of IoT devices continues to fall short of expectations is due to our continued reliance on batteries to power these devices. Thinking through the logistical and financial implications of replacing batteries on such a monumental scale, it becomes clear that batteries cannot support the IoT ecosystem envisioned by these leading firms.

913 Million Battery Changes Per Day

The infographic explores the implications of battery replacements in a trillion-sensor world considering the best-case scenario of achieving 10-year battery lifespans, as well as a more realistic scenario of three-year average battery lifespans. The numbers are staggering “ 274 million battery replacements per day with a best-case 10-year lifespan or 913 million battery replacements per day with a three-year lifespan.

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Exploring the battery problem in a trillion-sensor world is overwhelming, but even putting it into the perspective of an industrial environment with just 10,000 sensors, thats still nearly 3,333 battery replacements each year, said Brian Alessi, Director of Product Marketing at PsiKick. In many cases, the additional labor cost alone of monitoring and replacing batteries begins to eclipse the benefits of the wireless sensors themselves.

Leveraging groundbreaking semiconductor design technology developed by researchers at both the University of Michigan and the University of Virginia, PsiKicks mission is to solve the battery problem with a suite of maintenance-free, self-powered sensing systems.

Customers are excited to deploy IoT sensors to solve a problem until they realize it creates another one “ battery replacements. We believe the battery to be a major contributing factor to why IoT device predictions have not been met, said Bob Nunn, CEO of PsiKick. Sensors that power themselves entirely by harvested energy, like our Steam Trap Monitor, are a game-changer that enable businesses to truly harness the power of the Internet of Things, while saving time and money that would have been wasted on batteries.

For more information, visit http://www.psikick.com/battery-problem.

About PsiKick

PsiKick is a venture-backed startup pioneering wireless, batteryless IoT sensing systems. Leveraging groundbreaking ultra-low-power technologies refined over more than a decade of academic and commercial research, PsiKick develops custom silicon and wireless protocols to build wireless sensor nodes that can operate entirely off low levels of harvested energy. Its ever-growing engineering team is comprised of both doctorates and industry-veteran technologists specializing in device design, wireless networking, industrial IoT, cloud platforms, and data analytics. PsiKicks core technology foundation is initially being applied to provide real-time insight into industrial machinery and infrastructure, including steam systems, motors, and vibrating machinery. PsiKicks investors include New Enterprise Associates, Osage University Partners, In-Q-Tel, and the Michigan Investment in New Technology Start-Ups Fund (MINTS). The Company has locations in Santa Clara, CA; Charlottesville, VA; and Ann Arbor, MI. For more information, visit www.psikick.com.

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