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Internet of Things to Start Commercialization in 2015
BEIJING, Nov 20, 2009 (SinoCast Daily Business Beat via COMTEX) --
Every crisis will produce some new technologies, which will in turn help the industry step out of the crisis. China proposed Internet of Things as a national strategy amid the financial depression breaking out last year.
The country's premier Wen Jiabao points out that homegrown information companies must make breakthroughs in the key technologies of Internet of Things and China will march into the information age with the support of post-IP era technologies.
On November 1, more than 40 companies and institutions formed an Internet of Things industrial alliance in the Chinese Silicon Valley, planning to build up the country's Internet of Things industrial center.
In early 2009, at a round table held after US president Obama assumed his post, he listed Internet of Things and renewable energy as two edge tools to revitalize the economy.
Later, China Mobile Ltd. (SEHK: 0941 and NYSE: CHL) President Wang Jianzhou reiterated that his company would focus on Internet of Things in the future.
China Unicom (Hong Kong) Ltd. (NYSE: CHU, SEHK: 0762, and SHSE: 600050) Board Chairman Chang Xiaobing also expressed similar view, saying that Internet of Things will become a potential field of the mobile communications market.
Insiders deem that Internet of Things will become a breakthrough point for the convergence of industrialization and informatization actively supported by the Chinese government.
On the capital market, because the conception stocks of Internet of Things are speculated, they boosted the market caps of electronic information service providers.
Analysts expect that telecommunications carriers will dominate the Internet of Things market, whose production value is likely to top CNY 100 billion this year, benefiting 23 telecom equipment and terminal suppliers listed in Mainland China.
At the China Wireless World & Internet of Things 2009, an official of the Development Research Center of the State Council, said that the construction of Internet of Things was restricted by factors like technology, standard, business model, information security, and IP address, and should be carried out in phases.
A top executive of the China Mobile Communication Research Institute points out that the development of Internet of Things need the convergence of many industries and will involve problems such as business process reengineering, system interconnection, equipment rectification, and post adjustment.
Peter Friess, directorate-general for informatics of the European Commission, makes a pointed comment by saying that the stimulation of Internet of Things to the economy will not take effect until 2015 to 2020.
(USD 1 = CNY 6.83)
Source: www.hexun.com (November 20, 2009)
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