The Internet of Things (IoT) promises to disrupt and transform every aspect of our lives, whether at home, at work, at school and at play. Its impact will be felt across industry, academia, and government, while creating profound economic, societal, and national security implications.
In response, IoT has been identified as an area of focus for the federal “Lab to Market” process, from research and development investments to technology transfer. In September 2019, the United States National Institute of Standards and Technology (NIST) awarded Strategy of Things a grant for a a two-year NIST IoT study to assess the potential economic impacts, resulting from federal research investments, of meeting the Nation’s need for technology infrastructure to support IoT.
In support of this program, Strategy of Things will:
- Assess the current state of the IoT technology infrastructure covering research, development and adoption across industries
- Analyze these findings and identify technology gaps
- Perform an economic analysis to understand the industry impact of addressing those gaps
- Recommend potential areas for federal IoT-related research investments that will enhance U.S. competitiveness and national and economic security
- Communicate these findings across the federal government, academia and industry through a variety of channels, including publications, speaking engagements, journals, online and digital means
The United States federal government invests over $150 billion annually in research and development, including over $50 billion annually in extramural research conducted by universities, companies, and nonprofit organizations. As a non-regulatory agency within the United States Department of Commerce, the National Institute of Standards and Technology (NIST) promotes American technology innovation, competitiveness and commercialization of federally sponsored research across all government agencies. NIST is central to the Administration’s Lab-to-Market efforts, serving as the coordinator of the President's Management Agenda Cross Agency Priority Goal 14 and co-chairing a National Science and Technology Council subcommittee under the Committee on Science and Technology Enterprise.
The Internet of Things (IoT) is an emerging technology area with significant transformative benefits to the United States global competitiveness, economic prosperity and national security. However, like many early-stage technologies, it can take ten or more years to move an IoT related technology from incubation to market maturation. As such, IoT has been identified as one of the growing areas of federal R&D investments and federal technology transfer or the “Lab-to-Market” process. Given the strategic importance of IoT and in support of the President's Management Agenda Cross Agency Priority Goal 14, NIST needs to understand the current state of IoT research efforts, the top technology infrastructure gaps, and where future federal government research investments should be made in order to accelerate the adoption, deployment and economic benefits of IoT. With this understanding, the NIST IoT team can develop the necessary programs, initiatives and investments to create these outcomes.
Collaborate with us
Your input to our study is vital for the success of this NIST IoT project. We will be proactively reaching out across industry, government and academia for feedback. In 2020, we will be conducting a series of research interviews and surveys, as well as scan a broad cross-section of secondary research.
If you are interested, and wish to be considered for a research interview, or to complete an information gathering survey, please let us know through the Contact form below. In addition, if there are existing secondary research or reports you wish for us to consider, please also let us know.
Project News and Updates
We will be updating this section on a regular basis with the latest NIST IoT project news, information and work in progress. Please check back on a monthly basis. Alternately, if you wish to receive our monthly updates by email, please contact us with your name and email address using the Contact form below.
Update: March 26, 2020
- Economic modeling approach and alogorithm reviewed with NIST for feedback. We will be doing an initial economic modeling of IoT in the agriculture.
- We are in the process of collecting data on IoT in the agriculture industry. Research interviews are in progress, and a survey to be distributed is being prepared. If you are interested in being interview or to share your responses in our survey, please let us know (use contact form below).
- We will be sharing some findings, as well as solicit feedback at the Sensors Expo and Conference on June 22, 2020 at the San Jose Convention Center. We will be presenting and having an interactive forum. Please stop by and visit with us if you are in town or at the conference.
Update: January 29, 2020
Industries to be studied: We have identified the top ten industries to be studied as part of this project. The final industries that were selected based on the combination of the following factors:
- Industry GDP contribution to the national economy
- Impact of IoT to industry
- Impact to market competitiveness
- Impact to national security
The top ten industries we will be studying are:
- Financial Services
- Public Sector - local, state, federal (cities)
For the first half of 2020, our focus will be on the data collection efforts around the agriculture, construction, energy/utilities, retail and public sector (cities).
Update: December 20, 2019
CES panel session: New Program Informs US Federal Spending on IoT Infrastructure
We will be moderating a panel on this topic at the Consumer Electronics Show on January 8, 2020 at the Las Vegas Convention Center. More information about the panel session can be found in the pdf here.
If you are at CES, please visit our panel session at the Las Vegas Convention Center, South Hall, Room S228, on Wednesday, January 8, 2020 at 10:30 am.