How the lack of interoperability standards could be killing IoT

How the lack of interoperability standards could be killing IoTPosted on December 16, 2016 in CONNECTED DEVICES DR. SHIPENG LIContributing WriterCTO, IngDan & Cogobuy GroupWe are experiencing unprecedented levels of innovation in the Internet of Things (IoT), with research firm Gartner estimates that 5.5 million new things will get connected every day this year.Despite its promise, a big obstacle still stands – interoperability – the key to the viability and long-term growth of the entire ecosystem, especially consumer IoT. It is the biggest hurdle facing the industry and hindering its acceleration. McKinsey & Co. estimates that “interoperability is required for 40 percent of the potential value that IoT can provide.”

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