Real estate investment trust Bleutech Park Properties announced plans for a $7.5 billion project in the Las Vegas Valley that will showcase a range of smart city technology, from autonomous vehicles to internet of things (IoT) devices to smart buildings with “self-healing concrete.” The project will break ground in December and is projected to take six years to complete.
At first glance, space and oil seem like two completely unrelated and divergent industries. However, these industries face many of the same goals and challenges. The oil & gas industry is constantly looking for ways to cost-effectively meet regulatory standards, improve safety and get more out of their production process and facilities. NASA does the same. They are also are both challenged with working in harsh, remote, and often unexplored environments. Advanced sensors are becoming increasingly more important in both industries. As the internet of things (IoT) continues to grow, new technologies are being developed every day by companies that want to stay competitive.
The Internet of Things (IoT) continues to penetrate the market, with an abundance of smart devices that are saturating networks. Among the evolution of smart devices, new technologies also have become available for transporting countless forms of information. Communications protocols, applications, and IP-enabled devices are using technologies such as Bluetooth, Zigbee, WiFi, small cells, in-building distributed antenna systems, wired LANs, AV sensors, and emerging Light Fidelity (LiFi) technology. It is important that the design and provisioning of the wired and wireless infrastructure be able to accommodate present and future systems and applications.
Analysts predict the number of connected devices will grow to almost 31 billion by 2025. Coupled with AI and 5G, this will amplify the impact of the technology for stakeholders. How will these key elements influence and impact IoT as the technology evolves?
