NZTech has initiated a collaborative research project to better understand the potential benefits and risks of IoT for the New Zealand economy.
NZTech CEO, Graeme Muller, said the project brought together major tech users, tech firms, the government, academia and industry groups such as the Telecommunications Users Association of New Zealand and InternetNZ, all of which have an interest in the potential impact of IoT for New Zealand.
“While IoT is a rapidly developing technology, understanding of its potential is still relatively limited,” Muller said. “By undertaking a collaborative research project with the government, the tech sector and tech users we have an opportunity to raise the profile of IoT and highlight its potential.
“The research will also help us understand opportunities that IoT could create for different sectors, and any barriers or challenges that may need to be addressed to accelerate deployment,” he said.
According to NZTech, much of the current hype around IoT has been derived from consumer IoT such as fitness trackers and intelligent fridges, but the real value to be had from IoT is in enterprise and government applications.
Muller said the research would not be completed until June but initial observations gave cause for optimism. “While current uptake is very low, with only around 10 percent of New Zealand businesses having deployed or currently planning to deploy IoT type technologies, New Zealand has all the ingredients for a business environment that will support accelerated growth.”
He added that IoT was becoming a growing topic of conversation both inside and outside the workplace. “Fast broadband is becoming more widely available, the cost of connecting is decreasing, more devices are being created with Wi-Fi capabilities and sensors built into them, technology costs are dropping, and smartphone penetration is sky-rocketing.
“Putting all these rapid developments into the mix is creating a perfect platform for IoT to take off. This is why the research project and a better understanding of how to apply IoT are needed.”
Muller said IoT would soon become critical to helping New Zealand raise its productivity and prosperity. “A series of events this week, as part of Techweek 2017 will outline how Kiwis will acquire new skills as they leap into the future.”