PSIM Possibilities

Blog Date:  5/18/2015
Author:  Ray Coulombe

In the December 22, 2014 Fortune Magazine article, 'How to Invest in the Internet of Things', the author, Erin Griffith states,'For now the potential of the Internet of things radically outpaces the reality. Research firm Gartner predicts the hype will soon collapse into a 'trough of disillusionment,' followed by a 'slope of enlightenment,' and then, eventually, a 'plateau of productivity.' Notes Tim Herbert at CompTIA: 'We often overestimate a technology's impact in the short term and underestimate it in the long term.'' This reflects my own thinking on the evolution of impactful technologies, and we have two great examples of this in physical security - video analytics and PSIM. Didn't we see all of the early hype surrounding video analytics dissipate into disillusionment, only to witness the technology become mainstream, reaching the 'plateau of productivity' in cameras and VMS systems? PSIM also had great early promise with upstart companies tackling enormous information management problems, only to see many of those acquired (think Verint, NICE, Tyco) and their technologies evolve into broader, more capable product offerings.
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