The Internet of Things (IoT) is about connecting everyday objects to the Internet; from trucks to refrigerators, from hydro meters to fitness trackers. The data gleaned from the sensors and systems in these objects can be used to monitor, control or redesign business processes, optimize customer experiences or quantify our personal lives.
IoT is about much more than connected objects — it’s an ecosystem that must leverage the strengths of different network technologies, the efficiencies of cloud storage and the massive potential of big data analytics.
Canada has had a long history in the IoT space. Companies like Sierra Wireless have been active in the market for 20 years with deployments of over 100 million connected devices and Blackberry’s QNX division, active for 34 years, which has deployed its software in over 50 million vehicles globally.
In addition to large corporations, Canada’s IoT ecosystem is made up of a large number of mid-size companies that have specialized in niche IoT solutions for global markets.