News Ticker

Senate calls for national Internet of Things strategy

Internet of Things Shopping Center

Embracing the Internet of Things, the Senate unanimously passed  a resolution Tuesday evening calling for the United States to develop a national strategy that taps into the full potential of connected technologies.

The resolution was introduced by Sens. Deb Fischer (R-Neb.), Cory Booker (D-N.J.), Kelly Ayotte (R-N.H.) and Brian Schatz (D-Hawaii.)

Though largely symbolic, the resolution puts the nation on record as supporting a strategy to embrace the Internet of Things and lead the world in the development of connected devices and information services. It also calls for the government to recognize consensus-based best practices as a way to drive innovation.

“The United States is well positioned to lead the world in innovation policy. Our bipartisan resolution commits our nation to a strategy for the Internet of Things. It incentivizes the use of new technologies and seeks to maximize consumer opportunity and economic growth. This forward-thinking initiative is an important first step in ushering new ideas and innovations for years to come,” said Sen. Fischer in a statement.

Estimates of the trend are nothing less than mind-blowing. The International Data Corp. estimates that by 2020, 200 billion connected things will generate global revenue will generate nearly $8.9 trillion in global revenue.

Congress has been smitten with the technology trend. There is now an Internet of Things caucus in the House and both Senate and House commerce committees have held hearings.

The FTC has also taken a deep dive into the new technology trend. In a report issued in January, the commission recognized the consumer benefits of the Internet of things, but raised questions about privacy and data security.