From the course: IoT Foundations: Standards and Ecosystems
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IoT markets, part 2
From the course: IoT Foundations: Standards and Ecosystems
IoT markets, part 2
- [Instructor] The third contribution to the IoT market is made by government and utilities. Governments can help in shaping IoT markets, and technology through fundings in areas like energy, defense, security, education and transportation. Utilities also contribute to the IoT market. Examples of utilities include smart cities and smart grids. This includes the IoT devices used within the city environment like traffic cameras, security cameras, smart meters, smart phones, smart home automation, and cloud intelligent networks. Business innovation is another major player in the IoT market by developing new products and services using IOT technology. As seen in commonly used products, raging from smartwatches to transportation services like app-based ride sharing. Innovation is also notable in health care systems where devices are used to help patients, and healthcare providers like monitoring systems…
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