The opportunities for connecting things to the internet are limitless. The McKinsey Global Institute predicts that the Internet of Things (IoT) will have a total economic impact of up to $11 trillion by 2025. IoT will touch every industry, from healthcare and retail to oil exploration and homebuilding.
Some 25 billion things could be connected to the internet by 2020, according to research firm Gartner. That's about 5.5 million devices added daily, fueled by more affordable and ubiquitous sensors, processing power, and bandwidth.
Health-monitoring wearables, home-monitoring devices, connected cars, and industrial-equipment censoring have already gained traction, but there is much more room for innovation.
According to Goldman Sachs, the building blocks of IoT will come from participants that can web-enable devices, provide common platforms on which they can communicate, and develop new applications to capture new users.
10,000 attendees, 300 thought leaders, 150 exhibitors
All these players will come together May 10-12 in Santa Clara, California, for Internet of Things World 2016, the world's largest and most comprehensive IoT event with more than 10,000 attendees, 300 industry thought leaders, and 150 exhibitors. The event focuses on monetizing the IoT revolution by bringing together the full IoT ecosystem - businesses, tech companies, entrepreneurs, and investors - right in the heartland of IoT development, Silicon Valley. Presenters will assess the key horizontal challenges affecting the range of vertical markets, while dedicated tracks will look at industry-specific issues.
Leading off the event, Jack Domme, the CEO of Hitachi Americas, will go beyond the hype and discuss how IoT is poised to drive business and societal transformation on a global scale.
Panel discussions will examine industrial IoT opportunities, led by Sam George, the director of IoT at Microsoft Azure, will also explore how to embrace shared mobility and cultural implications to create smarter cities, with leaders from Uber, Lyft, Zipcar, and the San Francisco Municipal Transportation Agency.
The second day's keynote will assess the future of mobility and the long-term investment in car technology over the next decade. Panels will discuss how to build partnerships and collaborate between key IoT verticals, led by experts from Honeywell and Samsung-owned SmartThings.
Speakers and panel discussions will include IoT leaders from Macy's, Johnson Controls, Reliant Energy, Kaiser Permanente, Bayer HealthCare, Monsanto, BMW, Ford, General Motors, Nissan, Toyota, Schneider Electric, ADT, Belkin International, August Home, Itron, Analog Devices, the City of Chicago, and the FBI.
"The IoT revolution is transformative to society and people," says Kevin Eggleston, senior vice president of Hitachi's social innovation and IoT business unit. "We believe that the true promise of IoT - and we're just at the beginning stages - will be around for decades. It's not just helping businesses and governments produce better outcomes, but it's going to make people's lives better."
Internet of Things World 2016 is brought to you by Informa, the world's leading provider of events in the communications market place.
Find out more about the Internet of Things World 2016.
This post is sponsored by Informa.
Find out more about Sponsored Content.
Follow BI Studios on Twitter, Facebook, and LinkedIn.