China’s Internet of Things Set to Take off.docVIP

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China’s Internet of Things Set to Take off.doc

China’s Internet of Things Set to Take off   In 2014, the value of China’s In- ternet of Things industry totaled 580 billion yuan, or 90 billion dollars, up 18.46% on an annual basis, according to a report issued by the Xinhua News Agency on September 24, 2015.   The report was released at the Sixth Annual China International Internet of Things Expo, which was held from September 24 to 26 in Wuxi city, East China’s Jiangsu province.   The Internet of Things (IoT), which is also known as the Web of Things, is a computing concept that describes a future where everyday physical objects will be connected to the Internet and be able to identify themselves to other devices.   In China, there are four IoT industry centers, respectively located in Yangtze River Delta, Pearl River Delta, Bohai Rim, and central and western China, with Yangtze River Delta taking the lead in terms of industrial scale.   The report said the IoT has become a powerful driving force of innovation and economic growth in China where IoT technologies are integrating with both traditional industries like agriculture and manufacturing and rising industries such as new energy and new materials.   The report also listed major challenges facing China’s IoT, including its reliance on importation of sensor and chip technology, problems in application, information and data security.    IoT: New Driving Force for Innovation Economic Growth   Since 2013, the concepts of IoT and Machine to Machine (M2M), as well as Industry 4.0, have always been mentioned with relish and the global manufacturing market has stepped up effort to bump up the IoT industry, especially the “Factory of World”, China.   In a faster-is-always-better world, the IoT, which connects traditional devices, such as wearables and home appliances, to the Internet, makes it possible to collect, record and analyze new data streams faster and more accurately.   The IoT becomes a new darling of the technology world where more and more

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