"One of the sidelines to this, which is outside the Internet of Things, is the whole development of software-defined networks where traditional hardware-based networking devices at the core of the network are replaced by devices running on more standardised, virtualized hardware that's controlled more by software, so that the provisioning process is done in software from a remote control network operations centre and can be done very efficiently with very low cost.
"If we don't have those things in place then bringing on board billions of little sensors all over the place is going to be extremely expensive and not productive."
Wissam Raffoul, IBRS advisor, says the Internet of Things is still only considered a hype among many businesses and momentum won't be built before 2020.
"The Internet of Things won't be a critical issue for CIOs during the next three years because it is unlikely to make IT services any better, quicker or cheaper. The exception to this trend would be any IT organisation that handles a large number of machines," Raffoul says.
Joe Sweeney, IBRS advisor, also agrees the Internet of Things is just a hype. However, the vast amounts of data it would generate could potentially be used to influence decision making at a societal level.
"For example, the GPS enabled phone in your pocket, generating vast amounts of data relating to the ebb and flow of society. While we can currently see the impact of this type data collection at the individual level, we are just starting to glimpse the promise at the societal level.
"Understanding the dynamics of flow of people and the resources they require within cities has the potential to impact civic policies and design."
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