Abstract: |
The advent of internet of things (IoT) has influenced and revolutionized the
information systems and computing technologies. A computing concept where
physical objects used in daily life, will identify themselves by getting
connected to the internet is called IoT. Physical objects embedded with
electronic, radio-frequency identification, software, sensors, actuators and
smart objects converge with the internet to accumulate and share data in IoT.
IoT is expected to bring in extreme changes and solutions to most of the daily
problems in the real world. Thus, IoT provides connectivity for everyone and
everything at any time. The IoT embeds some intelligence in Internet connected
objects to communicate, exchange information, take decisions, invoke actions
and provide amazing services. It has an imperative economic and societal
impact for the future construction of information, network, and communication
technology. In the upcoming years, the IoT is expected to bridge various
technologies to enable new applications by connecting physical objects
together to support the intelligent decision making. As the most
cost-effective and performant source of positioning and timing information in
outdoor environments, the global navigation satellite systems(GNSS) has become
an essential element of major contemporary technology developments notably
including the IoT, Big Data, Smart Cities and Multimodal Logistics. By 2020,
there will be more than 20 billion interconnected IoT devices, and its market
size may reach $1.5 trillion. Projections for the impact of IoT on the
Internet and economy are impressive, with some anticipating as many as 100
billion connected IoT devices and a global economic impact of more than $11
trillion by 2025. Regulators can play a role in encouraging the development
and adoption of the IoT, by preventing abuse of market dominance, protecting
users and protecting Internet networks while promoting efficient markets and
the public interest. Regulators can consider and identify some measures to
foster development of the IoT. Encourage development of LTE‐A and 5G wireless
networks, and keep need for IoT‐specific spectrum under review. Universal IPv6
adoption by governments in their own services and procurements, and other
incentives for private sector adoption. Increasing interoperability through
competition law and give users a right to easy access to personal data.
Support global standardization and deployment of remotely provisioned SIMs for
greater machine to machine competition. Particular attention will be needed
from regulators to IoT privacy and security issues, which are key to
encouraging public trust in and adoption of the technology. This paper focuses
specifically on the essential technologies that enable the implementation of
IoT and the general layered architecture of IoT, the market of IoT and GNSS
technologies and their impact of the world economy, application domain of IoT
and finally the Policy and regulatory implications and best practices. |