July 29, 2015

WASHINGTON – The Information Technology Industry Council (ITI), the global voice of the tech sector, released the testimony its President and CEO Dean Garfield presented before lawmakers during a hearing today on the Internet of Things (IoT). Garfield called for a strategic national IoT plan to be developed which encourages public-private partnerships, accelerates IoT adoption, and enables vast economic and societal benefits from the IoT in both the near and long-term.

“The issue we are discussing today has the potential to positively transform our world more than perhaps any development since the invention of the Internet itself,” Garfield said. “Similar to the Internet in the early 1990s, the IoT is in its very nascent stages and presents us with limitless possibilities if we have the vision and environment to achieve them.”

In his testimony before the House Judiciary Committee Subcommittee on Courts, Intellectual Property, and the Internet, Garfield identified four key policy areas that should be addressed to promote an innovative IoT Environment:

  • IoT Strategy and Advisory Council – Creating an advisory board with government and industry partners to produce a National IoT Strategy with ambitious timelines, and more tailored strategies for federal government adoption, smart city promotion, promotion of next generation transportation technologies, and similar efforts to maintain U.S. leadership in the IoT.
  • Security and Interoperability – The federal government can encourage industry alignment of private sector developed state of the art security and interoperability solutions, and partner with the private sector to encourage the sharing of best practices.
  • Public-Private Partnerships – The federal government should incentivize the use of public-private partnerships as a means to accelerate IoT development and adoption, and U.S. global leadership.
  • Infrastructure – The federal government should make additional spectrum available for mobile broadband, implement effective spectrum management programs, and incentivize investment in network infrastructure.

“Companies are investing in IoT, and 80 percent of those that do are seeing increased revenue as a result of IoT initiatives, with the average increase in revenue being 15.6 percent,” Garfield said. “But development and innovation will only continue with appropriate support from policy makers, and I look forward to discussing these opportunities with you today.”

Click here to watch video from the hearing. 

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Public Policy Tags: Broadband, Communications, & Spectrum, Internet of Things