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whitepaper
INTERNET OF THINGS (IOT)TECHNOLOGY, ECONOMIC VIEWAND TECHNICAL STANDARDIZATION
The role of Information and Communication Technologies (ICT) is significantly increasing in our everyday lives and it has a predominant influence on the development of the economy and information society. The positive impact across various economic sectors in the interdisciplinary applications is only possible with the growth of these technologies. In Luxembourg, ICT is largely used for the development of innovative products and services in order to address societal, market, and business challenges.
Today, billions of connected devices are aimed to be interconnected in the Internet of Things (IoT) network using recent computing technologies. This exponentially growing number of things in the IoT opens an era creating new services that can bring noticeable changes to the individual citizens, society, economy and environment and huge number of business opportunities. Nowadays, IoT is considered to have a potential to advance the quality of life of the citizens and economic growth of the country. Adoption of IoT technology in various domains, such as Smart cities, Smart transportation.
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