In his 2014 Ted Talk on the Internet of Things (IoT), Dr. John Barrett - Head of Academic Studies at the Nimbus Centre for Embedded Systems Research at Cork Institute of Technology - said that by 2032 it is predicted that each of us could be in touch with up to 5,000 different smart “things” each day. While reasonable minds can differ regarding the actual smart things we will interact with, there is little doubt that the IoT revolution is upon us.  And, with it, the explosion of the “As a Service” economy.

The proliferation of smart devices brings the opportunity to re-imagine our world and create new services.  I was recently at an industry event where many in the audience learned that smart street lights can also help optimize parking in urban areas.  It is easy to imagine an “app for that,” which will sense your location, identify that you are looking to park and guide you to the nearest and most affordable parking space.  I’m not sure about everyone else, but I’d gladly pay $5 for an application on my smart phone that could save me $20 in parking fees several times a year.

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