Internet of Things (IoT) has taken off, especially in smart city solutions that integrate IoT, cloud, and open data technologies. Overall IoT business value will grow at a CAGR of 17.2% over the next five years, Pegatron chairman and Taipei Computer Association president TH Tung said at the opening of Smart City Summit & Expo taking place in Taipei during March 22-25.
Tung expects the solutions to help people live more safely and conveniently, and will also help resolve problems created by aging populations.
Smart city and IoT will also bring business opportunities to the IT industry, creating new chances, challenges, work and production values, Tung noted.
Article translated by Joseph Tsai
