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IoT Evolution World Week in Review: Trump, Verizon, European Union

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It’s been an interesting week here IoT Evolution headquarters in the U.S. We’ve got a new President-Elect in Donald Trump, we’ve got yet another lovely spell of Autumnal weather, and we’ve got an Internet of Things that just won’t stop being awesome. Let’s look at how things are going.

In the first of our lead stories this week, who else would it be, but Mr. Trump? The United States has elected its new president, and many segments of the American political and economic landscape are eager to find out what President-Elect Trump’s administration will mean for their industries. The IoT is no different. In a new report, entitled “President-Elect Trump’s Positions on Technology and Innovation Policy,” the Information Technology & Innovation Foundation (ITIF) has outlined some of its predictions for how the next few years might shape up for the technological industries.

Of course, security is still top of mind for the industry, so in our second lead story we looked at some more investigations into potential vulnerabilities. Smart devices and game engines used by millions of consumers, including Value Source, Huawei P9 Lite and PlayStation 4, were hacked by security experts at GeekPwn 2016, a hacking festival organized by advanced security engineering company KEEN and held simultaneously in Shanghai, China and Silicon Valley in the United States.

We had two especially great guest posts this week. The first is from David Mettler, VP, Sales and Market Director, IO. He writes that businesses that adopt an IoT infrastructure can improve their bottom lines by lowering operating costs, increasing productivity, and expanding to new markets or developing new product offerings. Organizations that invest in IoT can also expect a solid return on investment. Some $6 trillion will be invested in IoT between 2015 and 2020, generating a $13 trillion return by 2025. Finally, the data generated by all of these devices will propel us from the Information Age into the Big Information Age. The question is: is your IoT infrastructure up to the task?

In the second guest column, Jim Hunter, Chief Scientist and Technology Evangelist, Greenwave Systems, and Co-Chair of Privacy and Security Committee, IoT Consortium, gives us a recap of his “Are smart homes overhyped and risky?” panel at Web Summit, which took place November 10.

And now, the news:
Verizon Communications has finally announced completion of its $2.4 billion acquisition of Fleetmatics Group for $60.00 per share in cash. This acquisition is one of the largest in the Connected transportation space, and the company’s motives have been questioned heavily.

Libelium has announced that it is adding LoRaWAN and Sigfox wireless connectivity for North America to sensor devices in San Francisco and Colorado, which are the first North American regions with smart water and smart environment projects deployed with Libelium's technology connected to LPWAN protocols.

According to a recent announcement, ZTE and Mojio have joined forces to leverage T-Mobile’s SyncUP DRIVE and make almost any car smarter in order to unlock its data for the driver.

The EU is way ahead of most economic zones in protecting citizens’ privacy rights, and companies that want to do business there have to get in line. Now, new changes to the data protection law including stronger enforcement powers and higher fines will come into force for every organization in every country having operations in the European Union (EU). The changes go into effect by May 25, 2018, under the EU General Data Protection Regulation, or GDPR.

This week on the IoT Time Podcast, I sat down with Ali Hodroj, VP, Product and Strategy, GigaSpaces, to talk about data storage, security, the future and how botnets, blockchain and using your power for good instead of evil is important. This episode is sponsored by the IoT Evolution Expo. To become a sponsor of IoT Time, please email or tweet me.

There’s plenty more to read, listen to and watch, so visit us on IoT Evolution World for all the IoT news, my friends. Now is the time to put into your calendar the next IoT Evolution Expo, to be held in Fort Lauderdale, Florida. Also, please get in touch with us when you have stories. As always, if you have questions, comments, complaints or compliments, please send them to me, editorial director Ken Briodagh at kbriodagh@tmcnet.com or on Twitter @KenBriodagh.



Editorial Director

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