January 26, 2016

Become a Leader in the Internet of Things

Whether we’ve known it or not, the Internet of Things is already here. Many of our day-to-day devices are connected to the Internet: televisions, cars, homes, industrial equipment and other things. These things communicate and collect data for us.

So the era of the Internet of Things (IoT) has hit the ground running and will most certainly change how we live in the upcoming years. This cutting edge technology connects living and non-living things like devices, buildings, vehicles, etc. by inserting IP addresses which enable them to send and receive data. A car with built-in sensors is a simple illustration of IoT technology. In the past years, IoT inspired, for example, micro-electro-mechanical systems (MEMS) and wireless communications systems. This year, an estimated $235 billion will be spent on IoT, including 22% from 2015 (Mounika, 2016).

IoT won’t only affect things in your daily routine, like that of your refrigerator self-monitoring the almost empty milk carton and reordering, but will also affect our cities and how businesses are run. IoT devices can help operate prime concerns of the city like sewage systems, roads, traffic, wifi, and much more. Business can also become more efficient, productive and increase intelligence.

IoT - Internet of Things

How can you become a global leader in IoT? David Stephenson outlines three actions you can take this year to engage in the IoT community and boost your business and city’s role in the technological revolution:

  • Create an IoT Community – the reason is not only so you can connect with other professionals and collaborate, but also for what Stephenson calls “network effects,” meaning that individual devices or services are more valuable when combined with others.
  • Embrace the “smart city” vision – real-time data can be used in different apps or services to help get quick responses from the city concerning issues such as traffic, healthcare, parking, etc. Hundreds of cities have already implemented IoT, which can also be easily implemented in late adapting cities as solutions are open source. Not only tangible solutions can be created, but also cost effective.
  • Join the “Things Network” – create free city-wide networks for IoT exchange. Since last August 2015, 27 cities have implemented the Things Network, deployed through a Kickstarter campaign last fall. Instead of the city government getting involved, the idea here is that volunteers or anyone who has a smart things idea can try it out.

 

To read more on these three points, check out Stephenson’s blog.

Here is a list of IoT blogs which we feel are best to follow for the latest trends and newest ideas:

And if you like to know who the leading thinkers and influencers are, here is a great resource to check:

Hope this blog added to your resources and inspired you to take a fresh look at IoT this year! Let me know if you have other suggestions.

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