Setting standards for IoT can capitalize on future growth
by Melvin Greer Managing Director Greer Institute for Leadership and Innovation The adoption of Internet of Things (IoT) appears to be unquestioned. Advances in wearables and sensors are strategic to tech companies, telecoms and manufacturers across multiple domains. Everyone from millennials to boomers is incorporating IoT technologies into the daily flow of life. Gartner says the IoT market will be $300 million in 2020. With all this projected growth, standards will play an increasing role in IoT adoption. A number of IoT standards initiatives are setting the pace. The AllSeen Alliance has developed AllJoyn, an open-source protocol that provides tools for connecting and managing devices on Wi-Fi networks. Manufacturers are starting to use the AllJoyn framework to create custom apps, complete with control and notification services. Dell and Intel announced their Open InterConnect Consortium (OIC) as another collaborative targeting open-source development and deployment.