The Internet of Things (IoT)
The Internet of Things (IoT) imagines a future where billions of internet-enabled ‘smart’ products connect. We are asking not how to make them connect, but rather how to connect them in a meaningful way. To make people’s live better, to bring people together though these devices and to enrich human-to-human interaction through device-to-device connections.
The number of internet-enabled data devices is rapidly outpacing the number of humans on the planet. By 2020, it's estimated that there will be over 50 billion connected products. While this ‘internet of things’ vision is staggering in scale, it is already a household name. Countless consumer products have been launched in the past two years. Companies like Nest, Apple, and Philips are rapidly deploying robust commercialized products, and almost every major corporation is trying to understand how to connect to the IoT.
Yet although technology has emerged to accomplish this feat, what is not clear, and critical to every company, is how to deliver products that are not only functionally connected but also excite the consumer, delivering emotional experiences that engage the marketplace.
The goal of the Integrated Innovation Institute's engagement in the IoT through both research and education intiatives is to create connected systems that enhance relationships between people and products and people and each other. Designing and developing connected devices is no longer difficult; the challenge now is making those connections meaningful and emotional.
Featured News: Institute Research Team Receives Award to Study the IoT's Impact on Financial Well-Being
The Integrated Innovation Connected Products - Connected Relationships Consortium recently earned a PNC Award to fund research and find solutions to improve financial well-being through the Internet of Things (IoT) technology. The funding was awarded by the PNC Center for Financial Services Innovation, housed in Carnegie Mellon University's Tepper School of Business and led by Tepper faculty member Sunder Kekre. Read more...