Open Innovation Helps Shape Landscape of IoT Applications

By • on July 15, 2016

An article on the Nexcom website noted that the Internet of Things (IoT) inspired numerous application concepts, but very few were put into effective practice. The main culprit of this is the vast amount of different protocol standards scattered across the industry, creating communication barriers that greatly delay the development of IoT. The key to clearing the obstacle for IoT application development is open innovation. Open innovation provides a pool of technology platforms, hardware components and software tools readily at disposal, allowing developers to quickly gather the resources required to bring their creative designs into fruition with the least amount of effort. More importantly, these resource tools are based on a unified standard as opposed to being industry-specific, and therefore are not bound to any proprietary protocol.

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