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

<p>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 href="/white_papers/Machina_2016_SmartCities">a new white paper</a>, 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.<br />&nbsp;<br />The report launched on Thursday, and there has been&nbsp;a tremendous amount of media attention surrounding the findings. Don&rsquo;t just take our word for it, check out just some of the media coverage below:</p>
<ul>
<li><strong>ComputerWorld:</strong> <a href="http://www.computerworld.com/article/3066854/internet-of-things/open-wireless-standards-could-save-smart-cities-30-on-tech-costs.html">Open wireless standards could save smart cities 30% on tech costs</a></li>
<li><strong>FierceWireless</strong>: <a href="http://www.fiercewireless.com/europe/story/report-smart-city-projects-could-squander-billions-due-lack-iot-standardisa/2016-05-05">Report: Smart city projects could 'squander' billions due to lack of IoT standardization</a></li>
<li><strong>Mobile</strong> <strong>Europe</strong>: <a href="http://mobileeurope.co.uk/press-wire/non-standardised-tech-could-cost-smart-cities-billions">Non-standardised tech "could cost smart cities billions"</a></li>
<li>I<strong>ndustrial IoT 5G</strong>: <a href="http://industrialiot5g.com/smart-cities-cut-costs-tag29/">Smart cities could cut costs by 30% with open IoT standards</a></li>
<li><strong>Telecoms</strong>.<strong>com</strong>: <a href="telecoms.com/472262/interdigital-flies-the-flag-for-open-iot-standards-in-smart-cities/">InterDigital flies the flag for open IoT standards in smart cities</a></li>
<li><strong>Total Telecom</strong>: <a href="http://www.totaltele.com/view.aspx?ID=493662">InterDigital highlights need for open IoT standards in smart cities</a></li>
</ul>
<p>Interested in reading the full report? <a href="/white_papers/Machina_2016_SmartCities">Download it here</a>.&nbsp; Or get more information on InterDigital&rsquo;s work in IoT, <a href="/iot/">click here.</a></p>
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