With expectations for between 50 and 200 billion connected devices worldwide by 2020, the global Internet of Things market is predicted to expand at a compound annual growth rate of over 31%, exceeding $9T by the 2020 milestone. GE estimates the Industrial Internet could add $10-15T to global GDP over the next 20 years. Gartner predicts there will be 250 million connected vehicles on the road by 2020. Navigant predicts that the worldwide installed base of smart meters will grow from over 300 million today to more than 1 billion by 2022. IDC predicts that the wearable connected fitness device market will grow from 45 million units in 2015 to 126 million in 2019. And therein lies the challenge: will there be a globally interoperable Internet of Things (IoT) or will there be isolated Internets of Energy Things, of Transportation Things, of Health Things, and so on? With an estimated 40-60% of IoT value dependent on cross-sector and multi-infrastructure interoperability, this talk will focus on the potential for convergence around a global Internet of Things.
Director of the Smart Grid and Cyber-Physical Systems
NIST - National Institute of Standards and Technology
04:10PM - Day 1
04:40PM - Day 1