Future shock: the internet of things

With the internet of things (IoT) promising to be a key market for Movidius in the coming years, the company’s chief executive, Remi El-Ouazzane, said the firm’s early start in the sector would give it a significant advantage.

“ITC and Intel estimate that by 2020 there will be 30 billion devices on the internet of things,” El-Ouazzane said.

“We’re not going to equip all of those devices, but if we get into 10 per cent of those devices, that’s a market of three billion devices for the company where really there is no alternative to Movidius,” he said.

“When the business started, this opportunity wasn’t that obvious. The persistence by co-founders ...