The Net Result.docVIP

The Net Result 　　Wu Hequan， an academician with the Chinese Academy of Engineering （CAE）， has a solution for the traffic jams that plague China’s major cities. “In the era of the Internet of Things （IoT）， the Internet of Vehicles（IoV） is the most efficient way to address the problem，” Wu said. 　　IoV would mean all vehicles， equipped with mobile Internet and sensors， would have information on which roads are clear and which ones should be avoided as well as how to avoid the scene of an accident. In addition， smart cars could monitor their emission levels， select the best insurance companies， pick up groceries， and drop owners at airports. In short， IoV could transform a traditional car into the ultimate mobile device. 　　This and other benefits of IoT came under the spotlight at the Seventh World IoT Exposition in Wuxi， east China’s Jiangsu Province， held from October 30 to November 1. 　　IoT envisions a highly technologically evolved world where objects of daily use， from fridges to cars and even buildings， would be inter-connected and able to respond intelligently through data collection and exchange. 　　In China， there is already a sophisticated IoT industry chain， starting with chips and software and ending in services. It is used in industrial production， communication， logistics， envi- ronmental protection， healthcare， security and power grids. 　　According to an annual report on the development of IoT in China in 2015-16 released at the expo， China’s IoT industry was worth 750 billion yuan （$110.62 billion） in 2015， representing a compound annual growth rate of 25 percent in the 12th Five-Year Plan period （2011-15）. It is expected to reach 1.5 trillion yuan （$221.24 billion） in 2018. 　　“As the next industry worth more than 1 trillion yuan （$147.49 billion）， IoT is regarded as the third big leap in information technology， after computers and mobile communication， which will greatly change production and lifestyle，” Huai Jinpeng， Vice Minister of Industry