The age of the Internet of Things (IOT) is upon us. Soon your shoes will be permanently connected to the Internet, recording every move you make, taking precise measurement of your weight, your movement, and your position, and sending it into the cloud.
The advantage of IOT appliances is that they are fairly cheap. They don’t require much processing power; instead, they register data gathered by a sensor, buffer it and rely on cloud computing to analyze it. As a result, IOT devices can be inexpensive and you can easily have many of them. With the resulting flood of data we’ll gain access to over the next decade will come a host of challenges – who owns it? Who can privatize it? Who will profit from it?
A lot of companies will try to consume user-generated data while keeping it closed to the marketplace. As a consumer, you should be wary of those closed services. The way forward is through open data. Data increases in value when it comes from multiple sources; if each provider and consumer of data keeps within their closed silo, innovation is stifled.
At IOTOPE we are building a new platform that empowers the marketplace through open data. IOTOPE allows the user to initiate actions though Near Field Communication (NFC), a form of wireless communication between devices within ten centimeters of one another. The data generated by each user remains open, and added value is derived from the in-house analysis, reporting, and aggregation that IOTOPE provides. Locking down data is not the solution. We believe that monetization and open data can go hand in hand – and both companies and individuals will benefit from the insights and innovation that will result.
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About the Author
Alex Van Boxel recently started IOTOPE, an open platform for the Internet of Things. Its first incarnation concentrates on NFC (Near Field Communication), starting where the now-defunct Touchatag service left off.