Americans are already experiencing the benefits of a more connected world. Today’s IoT enabled:
In coming years, the number of connected devices is projected to increase over 300% to 50 billion. The IoT – driven by these billions of devices all communicating wirelessly – will transform entire sectors of the economy and unlocking more productivity and economic growth.
Given the economic, social and consumer benefits, policymakers should focus on facilitating the continued growth of the IoT. That means a flexible, light-touch framework of regulations that are targeted to avoid across-the-board approaches that stifle innovation and impose unnecessary regulations.