Given the lack of knowledge about the Internet of Things at the last ERC Board meeting (details here), has set me to thinking about the potential for the Internet of Things in out local economy. Are local companies and start-ups investing in this new technology? Intel, IBM, Cisco and others are putting senior officers in charge of their product development and setting communications standards.
While local companies may not be large enough to significantly influence the communication standards, they will have to know which standards will be successful in the market place. Several different IoT standards are currently competing with each other, and more may be joining the contest soon.
As more standards emerge it is going to be important for local companies to be using the winning standard, if not they can get caught in a VHS vs Beta issue. Chip makers will be embedding the most popular protocols in their chips sets, and this will push acceptance of a single standard.
I would like to see the ERC create an Internet of Things Task Force and do an assessment of where local companies are in employing this emerging technology. Are they ahead or behind in the development process. Are they following the standards issues?
An Internet of Things Task Force could give our local technology companies an advantage. Rather than each company tracking the standards issues, have the Task Force track the standards for all companies, and share the information. This would increase the chances that all Nevada County companies would be using the best and latest standard, giving them advantage in the market place. And, giving Nevada County more clout in the market place, much like they did in the video industry.
Is this a credible idea, or should the ERC just sustain the status quo, and ignore the Internet of Thinks?