Another example is Saia Trucking, which uses a telemetry software solution from Vnomics and Intel processors in vehicle cabs to support real-time analytics, helping to make its freight trucks safer and more efficient.
"By having such a powerful solution in the cab with the truck driver we have seen dramatic improvement in the fuel economy, with immediate feedback for the driver around progressive shifting," said Brian Balius, president for transportation at SAIA Trucking, adding that efficiencies meant the company was saving up to $15 million each year.
Intel has been developing its embedded products for a number of years, and its IoT group saw revenues reach $482 million during the last quarter, up 32 percent. This includes its Quark system on chips (SOCs), Atom processors, as well as the Edison platform, launched at IDF, which combines computation with communication capabilities.
The company has also invested in the analytics platforms required to process the large volumes of data generated by IoT, with its investment in Cloudera, as well as security and software with McAfee and Wind River.
As part of its drive to further adoption of IoT technologies has also formed the Open Interconnect Consortium, along with Samsung, Broadcom and others, as well as the Industrial Internet Consortium with Cisco, AT&T, GE Software and IBM.
However, Intel is not the only firm to be leading open source standards development - rival Qualcomm has also launched its AllSeen Alliance along with partners such as Microsoft.
Davis said that interoperability will important if IoT technologies are to proliferate.
He said: "With all of these different types of data from end point devices, different industries and the desire to be able to look at combinations of data, data normalisation becomes incredibly important in terms of being able to make all of these devices interoperable - they have to be able to speak the same language ultimately."
According to John Magee, CMO of General Electric's software arm, also speaking at IDF, developers begin to expand their areas of focus across different industry verticals, helping to increase use of IoT systems.
"One of the interesting things we are seeing is that there is a lot more leverage between different industries, and developers are looking at patterns that can be repeatable instead of just staying in their silos," he said.
"Industries such as healthcare, aviation, transportation, mining and so on have performance and maintenance and all kinds of things in common, so it is possible to see a lot of reuse in those areas. That sharing is really going to accelerate the adoption of these IoT technologies."
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