Internet Of Things Depends On Businesses Working Together

WASHINGTON, DC - JUNE 19: U.S. President Donald Trump welcomes members of his American Technology Council in the State Dining Room of the White House June 19, 2017 in Washington, DC. According to the White House, the council's goal is'to explore how to transform and modernize government information technology.' (Photo by Chip Somodevilla/Getty Images) This week, the newly created White House American Technology Council convened a series of policy discussions on the emerging Internet of Things (IoT), something I have discussed here in the past. The news is a welcome and timely development, given the breakneck speed at which IoT technologies are progressing – from driverless cars, to remote surgeries, to 21st Century Smart Cities. In the not-so-distant future, the IoT could be integrated into essentially every aspect of consumers' daily lives. But there's a serious threat lurking to IoT advancements: fair access to essential technology standards – which are included in many consumer products like refrigerators, smartphones and TVs – so that all innovators have a chance to participate in this technological revolution.