Source: The Star, 21/5/2015
KUALA LUMPUR: The Internet of Things (IoT), which will soon be implemented in Malaysia, is projected to generate economic opportunities worth RM890 billion, globally.
Minister of Science, Technology and Innovation (Mosti) Datuk Dr Ewon Ebin said the ministry would lead the implementation of the IoT strategic roadmap, which would be launched by the Prime Minister Datuk Seri Najb Tun Razak.
"By 2020, IoT is estimated to grow at 34.1% a year in the Asia Pacific region," he told a press conference prior to launching the National Innovation Conference and Exhibition (NICE) 2015 on Thursday.
In May 2014, Mosti's agency, MIMOS, launched the first IoT technical working group, indicating the government's commitment towards IoT as the next big thing in technology.
IoT is the inevitable integration of enabling technologies such as Internet, wireless sensors, radio frequency identification and global positioning systems, which could enhance the way people live.
The three-day conference, themed "Beyond Innovation" is organised by Mosti.
NICE 2015, which would feature both local and international speakers, managed to attract 1,000 participants and 81 exhibitors.
On the last day of the conference, Deputy Prime Minister Tan Sri Muhyiddin Yassin is scheduled to officiate the National Innovation Award 2015. - Bernama
Source: The Star, 21/5/2015
Posted by: Hairol
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