The Internet of Things (IoT) Industry Background:
The term ‘Internet of Things’ (IoT) refers to the combination of sensors, actuators, distributed computing power, wireless communication on the hardware side and applications and big data analytics on the software side. Sensors and other advanced instrumentation are embedded in an array of machines and devices, from the simple to the highly complex. This allows the collection and analysis of an enormous amount of data, which can be used to improve the efficiency and performance of the systems and networks that link them.
The current ratio of three connected devices to each person is expected to double by 2018.1 With the expected population growth, that could lead to 50 billion connected devices by 2020:
Source: Cisco IBSG: April 2011
In their report “‘The 'Internet of Things' Is Now: Connecting the Real Economy, ” analyst firm Morgan Stanley lays out a framework for looking at the IoT as an ecosystem composed of three main layers: Semiconductors (sensors/actuators), telecom/integration (networking and connectivity) and Big Data/Analytics (applications). The chart below shows these layers and how they span across several verticals, from Wearables to Medical Devices:2
Below is an aggregation of some of the more commonly cited projections in the business press:
Committee Mission Statement:
The IoT Committee will provide a forum for education, discussion, and networking opportunities for LES members interested in technology and the licensing activity related to topics such as:
Internet of Things Committee Monthly Webinars
Monthly Internet of Things Committee Webinars are carried over the GoToMeeting platform, so please make sure you have the GoToMeeting app installed on your computer ahead of time. The dates and times of the webinars will be announced in advance and require pre-registration. Both LES and non-LES members are welcome to participate; webinars are free and open to all.
Webinars will begin with a brief presentation by a speaker who is an industry expert in topics of interest in the IoT arena. The presentation will be followed by Q&A session with the speaker, where participants will have a chance to present their questions.
We encourage our members to send us speaker suggestions, topics of interest, and feedback on past webinars, so we can better tailor our content and events to suit our members’ diversified interests.
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