Internet of Things & Smart Grids

?? A report – commissioned by Vodafone and carried out by STL Partners – estimates there will be 88 million devices next year that can ‘independently and securely trade together’, rising to 3.3 billion by 2030.

It says around 75% of the data currently generated by connected IoT devices cannot be shared across different devices and systems, and this represents ‘a vast untapped resource of value that is yet to be realised.’ It also forecasts that there will be more than 1.2 billion EoT-enabled (Economy of Things) smart grid devices by 2030 and 700 million supply chain devices.

David Palmer, Head of Product Management for DAB, Vodafone, added: “The huge opportunity and primary source of revenue for the EoT comes from generating data from IoT devices and sensors in real-time. These incorporate AI algorithms to generate monetizable events for subsequent transactions through smart contracts.”

UKTIN predicts 3.3 billion EoT devices will be trading with each other by 2030

Full article written by Andrew Wooden for Telecoms.com