Project Summary

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.

Project Approach and Timeline


NIST IoT project timeline

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.

We are in process of collecting industry feedback for a survey. If you work in one of the industries mentioned below (in the news section), or work in the research, design and development of IoT solutions and enabling technologies, we love to have you complete the survey here. All responses remain completely anonymous.


Speaking Engagements

Which IoT Investments Should the US Federal Government Be Making?
Speakers: Benson Chan, Gordon Feller, Renil Paramel, Christopher Reberger
Symposium Five @ Sensors and Expo Conference, June 22, 2020
San Jose Convention Center


Smart Cities: Resiliency Strategies in a challenging world
Presenters: Gordon Feller, Renil Paramel, Christopher Reberger, Benson Chan
IEEE SC Standard P2784 Webinar Series, May 12, 2020


Join us on May 12 for a special one-hour webinar, presented by IEEE, the international organization developing emerging technologies.

This learning program is presented free of any costs, and all are welcome. “Smart Cities” will focus in on some of the ways by which advanced connected-technologies are being leveraged to help cities respond to crises, and recover from crises, including pandemics. Among the key learning objectives of this webinar:

  • Learn about the smart city ecosystem framework. Understand smart city outcomes, smart city value creators, and the components of this ecosystem.
  • Learn about the smart city-public health emergency response and collaboration framework. Understand the key capabilities needed by cities to prepare for and respond to emergencies.
  • Understand the areas of collaboration where smart cities technologies can augment these capabilities to respond to crises, including COVID-19.
  • Understand the role of advanced technologies, including the use of IoT in responding to crises and events (e.g., pandemics).
  • Understand IoT technology infrastructure gaps and opportunities.
  • Learn about the current US Federal Government’s (NIST) study, focused on identifying the future of IoT.


Past Speaking Sessions

COVID-19 and IoT
Presenters:Renil ParamelBenson Chan
Industrial IoT Summit hosted by the IoT M2M Council, April 22, 2020


CES Panel Discussion: New program informs US federal spending on IoT infrastructure
Consumer Electronics Show
Las Vegas, NV
January 8, 2020

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:

  • Agriculture
  • Construction
  • Energy/Utilities
  • Financial Services
  • Healthcare
  • Manufacturing
  • Retail
  • Public Sector - local, state, federal (cities)
  • Telecommunications
  • Transportation

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.

Project Team

Benson Chan
IoT Research and Gap Analysis

Gordon Feller
IoT Policy and Research Dissemination

Renil Paramel
Project and Engagement Lead

Christopher Reberger

Christopher Reberger
Economic Modeling and Investment


Contact Us