Top Page News: Smart Cities Could Waste $341 Billion by 2025 on Non-Standardized IoT Deployments
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:
- ComputerWorld: Open wireless standards could save smart cities 30% on tech costs
- FierceWireless: Report: Smart city projects could 'squander' billions due to lack of IoT standardization
- Mobile Europe: Non-standardised tech "could cost smart cities billions"
- Industrial IoT 5G: Smart cities could cut costs by 30% with open IoT standards
- Telecoms.com: InterDigital flies the flag for open IoT standards in smart cities
- Total Telecom: InterDigital highlights need for open IoT standards in smart cities