'Internet of Things' and its Impact on Business, Government and Consumers is Focus at Mobile Monday Detroit

History, Challenges, Opportunities and Security of the ‘Internet of Things’ and its integration with diverse industries will be explored at NextWave in Troy on November 10th at 6pm
By: Mobile Technology Association of Michigan
'Internet of Things' represents a $7.1 Trillion market by 2020
'Internet of Things' represents a $7.1 Trillion market by 2020
DETROIT - Oct. 28, 2014 - PRLog -- Imagine a world in which every device in the home, workplace and car are connected. A world where the garage door opens and the light goes on automatically as your car approaches your driveway, where morning coffee starts brewing when the alarm goes off, where the door of your house unlocks when approached by a member of your family but stays locked if approached by strangers, and where your car can talk to another car a quarter mile ahead on the freeway to warn of an accident so you have time to exit for an alternative route. These are examples of the opportunities made available to us by the ‘Internet of Things’ (IoT) and will be part of the discussion during Mobile Monday Detroit’s exploration of the topic on Monday, November 10th at 6:00 p.m. at NextWave Accelerator in Troy.

Putting it into perspective, the ‘Internet of Things’ will be the largest device market in the world; by 2019 it will more than double the size of the Smartphone, PC, tablet, Connected Car and Wearables market COMBINED (BI Intelligence). To understand its’ impact, consider the following:

-  IoT will result in $1.7 Trillion in value-added to the global economy in 2019; this includes: hardware, software, installation costs, management services, and economic value added from realized IoT efficiencies (BI Intellligence)

-  The total market for IoT solutions will be $7.1 Trillion by 2020 (IDC)

-  54% of manufacturing industry decision-makers consider expansion of IoT initiatives a critical priority and 36% have already implemented such initiatives (Forrester)

-  By the end of 2020 the ‘Internet of Things’ will be approximately 212 billion ‘things’(IDC) or in other words, 30 ‘things’ for each of the 7 billion people in the world

Topics discussed at this event will include:

-  An introduction to, and history of, the ‘Internet of Things’ (IoT)
-  Synergies between IoT, wearables, and mobile devices
-  Business opportunities around IoT; scale of the market
-  API solutions to help us realize the full potential of IoT
-  Securing IoT; mobile challenges and realities

Presenters include:

-  Itai Ben-Gal, CEO/Co-founder, iRule
-  Brian Mulloy, VP – Products, Apigee
-  Mark Stanislav, Security Project Manager, Duo Security

The evening’s program will take place at the NextWave America Accelerator in Troy with refreshments provided compliments of event sponsor SilkRoute Global. The event will begin with networking at 6:00 p.m. and presentations starting at 6:30 p.m. NextWave is located at 950 Stephenson Highway, Troy, MI.

Attendance at Mobile Monday Detroit is FREE, but advance registration is required at http://meetup.com/Mobile-Monday-Detroit. Free parking is available.

Mobile Monday Detroit is sponsored by the Mobile Technology Association of Michigan (MTAM), Mobile Monday Michigan, and SilkRoute Global.

About Mobile Monday Michigan:

Mobile Monday Michigan, a subsidiary of the Mobile Technology Association of Michigan, is a mobile / wireless industry networking and education organization which is a branch of the international Mobile Monday organization. Here in Michigan we currently have 4 chapters (Detroit, Ann Arbor, Lansing and Grand Rapids) with over 2800 members state-wide. Information about Mobile Monday Michigan can be found at http://MobileMondayMichigan.org

About the Mobile Technology Association of Michigan:

MTAM is a non-profit trade association for Michigan’s mobile/wireless technologies industry and all industries that are utilizing these technologies. We are the first state-based mobile/wireless industry trade association in the U.S. and our mission is:  to facilitate conversation/collaboration between varied sectors of the mobile/wireless eco-system and serve as the bridge to enable diverse organizations to understand each others perspectives and needs in order to drive new innovation and opportunities involving these technologies; to increase the use of, and demand for, Michigan-based mobile/wireless technology products and services in-state, nationally and globally; to increase the productivity and profitability of every industry vertical in Michigan via the use of these technologies; to create sustainable jobs and increased entrepreneurial opportunities in the state based on the use of these technologies, thereby achieving substantial growth of Michigan’s economy, and to help the communities we serve via the use of these technologies. Information about MTAM can be found at www.GoMobileMichigan.org.


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