The Internet of Things Must Reinvent Itself As The “Economy of Things”

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The first wave of the so-called Internet of Things is well underway, but reaching the second wave will require a radical rethink in terms of architectural design and business models to the point that the “things” themselves become part of the new digital economy.

 

Or, put simply: “The Internet of Things needs a reboot,” said Rob van den Dam, Global Telecommunications Industry Leader at IBM, at the CommunicAsia2015 Summit on Tuesday.

 

While the IoT is already technically here in the guise of services like smart meters and monitoring airplane engines, overall demand has been slow. Only 30% of heavy industrial equipment is networked. And only 10% of smart TVs are being used for Internet viewing. Original post at Telecom Asia

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Wahengbam Rorrkychand

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