Internet of Things Applications

The Internet of Things (IoT) is not a futuristic concept. It is a technological evolution which is already happening and can lead the transformation of our everyday lives.

With the IoT, items around us are becoming smart and our life is getting easier. We can use the technology to tackle societal challenges like our ageing population or the need for a more sustainable development model. In addition, IoT offers a way ahead to new business cases and new markets. We are already seeing flourishing new startups around IoT, the creation of new jobs and innovative ideas being turned into reality and eventually into companies or new products, resulting in growth and wealth. Thus, developing IoT is a win-win situation for the economy and society.

Two years ago, when I joined the network technologies unit of the DG Connect of the European Commission, we used to debate around the IoT as a ‘coming soon’ idea. Today, I feel that IoT is happening, and both industry and consumers are ready for it. And most importantly, I feel that the European Union (EU) is well placed to advance the development of IoT market: We need to take the necessary actions to eliminate barriers.

See more at: inform.tmforum.org