The future of digital
The internet has reached a turning point in its development. It is evolving from a network of interconnected computers to a network of interconnected things, like city infrastructures, cars or electronic devices. In anticipation of the “internet of the future,” implementing the Internet of Things (IoT) facilitates responses to numerous current challenges in the areas of health, transportation (mobility, fluidity), security, retail business, culture (museums and libraries) and the intelligent city, to name but a few.
According to an IDC survey done for TELUS, even though the Internet of Things offers major economic potential to companies, many have not yet taken advantage of it. This survey evaluates the current deployment state of the IoT in Canada and reveals that only 6% of the country’s companies have deployed this type of technology, while an additional 7% were preparing to do so in 2014. The adoption of IoT technology is, however, growing: more than 30% of Canadian companies foresee a deployment of IoT technology in the next 24 months, with a related increase in annual expenditures that will jump from $5.6 billion in 2013 to $21 billion in 2018, an increase of 375%. (The survey summary is available in French only. To download the results of the study in English, click here.)
The IoT will not only increase productivity, it has the potential to create entirely new business models.
Even though the Internet of Things is not yet implemented in a concrete way, TechnoMontréal is preparing an IoT workshop that will present an overview of various technologies (wearable, beacon, MTOM) and their relationship with the disruptive technologies that will emerge in the upcoming years (5G, Cloud, Big Data). The interconnection of physical objects will generate a profound change in our model of society.
Is Montreal ready for the “internet of the future”?