Smart tech needs industry collaboration and cooperation to grow

To go fully mainstream, IoT vendors and manufacturers must be sure to collaborate and work together for long-term success, analysts believe.

Published Mon, Jan 19 2015 11:30 PM CST   |   Updated Tue, Nov 3 2020 12:10 PM CST

There seems to be no question that the Internet of Things (IoT) will continue to be a major business, as more smart products enter the household. However, without industry cooperation from software designers and hardware makers, it could end up being a massive headache for everyone involved.

Smart tech needs industry collaboration and cooperation to grow | TweakTown.com

The number of IoT-related announcements at the Consumer Electronics Show (CES) earlier this month should indicate where the market is quickly moving. If companies don't begin to work together on new standards, such as an open platform that is evenly distributed is necessary, then things may just become a nightmare.

"Companies may not care as much about overarching standards so long as the application will meet the needs they have today," said Andy Peebler, managing director of ecommerce and digital marketing at Acquity Group, in a statement to NBC News.

Without the IoT early adopters working together, consumers may decide to wait on the sidelines until IoT supporters are able to get their collective act together.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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