Internet of Things : The New Government-to-Business Platform
The buzz around Internet of Things (IoT) has gathered momentum but the IoT phenomenon is poorly understood by governments and businesses. Governments are under pressure to become more innovative, evidence-based, and collaborative and IoT seems to o...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/610081509689089303/Internet-of-things-the-new-government-to-business-platform-a-review-of-opportunities-practices-and-challenges http://hdl.handle.net/10986/28661 |
| Summary: | The buzz around Internet of Things (IoT)
has gathered momentum but the IoT phenomenon is poorly
understood by governments and businesses. Governments are
under pressure to become more innovative, evidence-based,
and collaborative and IoT seems to offer opportunities such
as increased competitiveness and innovation, and regulatory
improvements that reduce the burden on business and increase
compliance. In this report we examine the evidence on the
ground to see how the theoretical potential of IoT
implementation matches up with the reality on the ground and
what can we learn from government agencies at the forefront
of IoT implementation. The report draws on lessons from
cities around the world (Germany, UK, Luxembourg, Estonia,
Kazakhstan, Finland, Canada, USA, Japan, UAE, and India); it
also provides a review of the IoT marketplace. The questions
it answers include - what is IoT and why should governments
care, how are different cities implementing IoT based
solutions, and what are the main policy and other
implications for government to fully utilize the potential
of the technology while managing the associated risks and
challenges? Findings include the fact that IoT
implementation is still nascent in governments, the business
models to scale pilots are still under-developed, the policy
environment remains very patchy, and there is need to invest
in digital capacity, data practices, and IoT infrastructure.
The report includes a rough toolkit for government agencies. |
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