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Top Page News: Smart Cities Could Waste $341 Billion by 2025 on Non-Standardized IoT Deployments

May 6, 2016 / IoT, oneM2M, standards, oneTRANSPORT / Posted By: Kelly Capizzi

City authorities and their technology partners could squander $341 billion by 2025 if they adopt a fragmented versus standardized approach to IoT solution deployment. This warning comes from Machina Research in a new white paper, commissioned by us, that analyzes potential IoT deployments in smart cities. The report shows that using non-standardized versus standards-based solutions for IoT will increase the cost of deployment, hinder mass scale and adoption, and stifle technology innovation for smart city initiatives worldwide.
 
The report launched on Thursday, and there has been a tremendous amount of media attention surrounding the findings. Don’t just take our word for it, check out just some of the media coverage below:

Interested in reading the full report? Download it here.  Or get more information on InterDigital’s work in IoT, click here.