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Spotlight: The internet of things in Argentina – BNamericas English

Internet of Things

Smart city, industry and agribussiness projects figure most prominently in Argentina’s first internet of things (IoT) survey.

The survey was carried out by the IoT Board, comprising the ICT and knowledge industry departments, state-owned Arsat, social economy institute Inaes, the IoT chamber, GSMA, business chamber Cadieel, the International Telecommunications Union, Universidad de La Plata and UTN.

The study covered 154 projects, of which 108 correspond to business IoT initiatives, 22 to public universities, six to cooperatives, five to small enterprises, three to private universities, three to public organizations and two to secondary schools. Five developments belong to the civic sector, unions, and municipalities.

The study found that interest in IoT was greatest in high-productivity regions, while Buenos Aires metropolitian area concentrated 56% of projects.

Nine of every 10 IoT projects are in Buenos Aires city or Buenos Aires province, in Córdoba, Santa Fe or Mendoza. In northern Argentina, the eastern region concentrated 2.6% of projects and the western one 1.95%, while Patagonia concentrated 6%.

The private sector is involved in 7 of 10 IoT projects, while public bodies participated in 52% and universities in 43%.

A MATURE MARKET

Half the IoT projects have led to products, either commercialized or non-commercialized. 

Of all projects, 65 are in the commercializing phase, followed by 27 in research phases, and 27 in experimental phases.

Only 11% of responses referred to developed projects which were not commercialized, five were canceled and 10 suspended.

Connectivity and software emerged as the main IoT verticals, with 126 and 125 projects, respectively. However, 122 projects were linked to platforms and 118 to sensors.

While 70% of projects were developed by companies, academia carried out 17% and cooperatives 4% of connectivity projects. Private companies also developed 74% of platforms but cooperatives just 1%.

About 81% of smart city projects have been completed, 82% of agricultural ones, and 90% of industrial ones.

FINANCING

Third-party financing supported 23% of projects and public funds 20%, as 55% of public financing went to projects that received between 100,000 pesos (US$997) and 500,000 pesos, while 25% went to projects that received between 1mn pesos and 5mn pesos.

The main public sector investment lines were security, smart cities, and welfare.

For the 21 publicly financed projects, 35% of funds went to applied research, 35% to products developed and commercialized, and 25% to experimental developments.

And 55% of publicly and privately financed projects received between 1mn pesos and 5mn pesos, while 27% received over 5mn pesos.

Agriculture, industry and smart city projects also benefited most.

Projects involving over 5mn pesos were mostly financed privately and comprised the smart city, agriculture and security sectors.

Source: https://www.bnamericas.com/en/news/spotlight-the-internet-of-things-in-argentina

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