Towards a $11 Trillion Internet of Things: Global Links Strengthened at oneM2M Meeting

Leading innovators in IoT (Internet of Things) design and development are forging new global links that are expected to accelerate growth, at a long-awaited meeting in Taipei, Taiwan. The meeting brings together, for the first time, key IoT figures in government, research and industry from Europe, Asia, and worldwide.

The oneM2M meeting is expected to enhance cooperation on IoT standards and strengthen ties between key industry players in design and manufacturing. Taiwan is home to corporations that dominate international ICT (Information and Communications Technology) manufacturing and development, from chipmaking to consumer electronics, and as such it is a crucial partner enabling the IoT to scale up worldwide. The IoT has a total potential economic impact of $3.9 trillion to $11.1 trillion a year by 2025, according to McKinsey & Company forecasts – but achieving this potential is expected to depend heavily on strong standards and genuine industry cooperation.

The IoT promise and the oneM2M standard The rapid growth in smart devices is ready to change the way people live, and how businesses interact dynamically, with everyone. Through advances in cloud, wireless, and sensor technology, smart implementation of IoT devices enhances personal convenience and experience in all areas of everyday life.

OneM2M (Machine to Machine) is a new IoT standard created by seven major global standards development organizations. The Taipei event explores the development of IoT and smart device opportunities and add on value through technology and innovative solutions. About sixty experts from leading companies in the field are in Taiwan for a four day testing event, during which they will be using hand-held devices connecting through smart networks to gain first hand experience of IoT device interoperability.

About the event
The Innovation Forum for Smart Handheld IoT Devices, and Networking and Application Technology Exchange is running concurrently with the oneM2M Interop 4 event.

Hosted by two of oneM2M’s founding partners TTA and ETSI, and the Taiwan-based research and development organization, the Institute for Information Industry (III), the event will give organizations implementing oneM2M standards the opportunity to validate interoperability and check end-to-end functionality via oneM2M interfaces. In addition, an international conference hosted by the III is being held, featuring presentations from leading companies and oneM2M’s leadership team to promote oneM2M to Taiwanese businesses in the IoT sector.

Speakers at the opening of the event included senior leaders from Taiwan’s Ministry of Economic Affairs Industrial Development Bureau and the III, as well as respected industry figures such as Stan Shih, founder of Acer and beingNet.

About the Industrial Development Bureau, Ministry of Economic Affairs

The Industrial Development Bureau (IDB MOEA) is a Taiwan government agency in charge of domestic industrial development. Established in 1970, it has guided local industry to transform and advance onto an increasingly high tech value-added path.

About the Institute for Information Industry

Founded In 1979, III was incorporated as a Non-Governmental Organization (NGO) to support joint public-private efforts in development/applications of the information industry as well as the information society in Taiwan. Besides technology advancement, III’s mission has evolved from Information Technology (IT) to Information and Communication Technology (ICT) development with wide social coverage. Since its inception, III has been a source of vision, innovation and technological excellence. It is a major contributor to Taiwan’s development into a significant player in the global ICT industry. Whilst dedicated to reinforce industrial development, III has also helped promote full utilization of ICT technologies hence advancing the establishment of a modern information society in Taiwan. III emphasizes cross-disciplinary environment, university-industry collaborations, and techno-cultural co-development, and supports Taiwan’s ICT industry with advanced technologies and international links that help strengthen global competitiveness.

About oneM2M

oneM2M is the global standards initiative that covers requirements, architecture, API specifications, security solutions and interoperability for Machine-to-Machine and IoT technologies. oneM2M was formed in 2012 and consists of eight of the world’s preeminent standards development organizations: ARIB (Japan), ATIS (U.S.), CCSA (China), ETSI (Europe), TIA (U.S.), TSDSI (India), TTA (Korea), and TTC (Japan), together with six industry fora or consortia (Broadband Forum, Continua Alliance, GlobalPlatform, HGI, Next Generation M2M Consortium, OMA) and over 200 member organizations. oneM2M specifications provide a framework to support applications and services such as the smart grid, connected car, home automation, public safety, and health. oneM2M actively encourages industry associations and forums with specific application requirements to participate in oneM2M, in order to ensure that the solutions developed support their specific needs. For more information, including how to join and participate in oneM2M, see:

About beingNet

BeingNet was established as a guiding body for a wide variety of industries. IT background members provide knowledge and support to create a smart industrial environment. The organization is based on a philosophy of shared beliefs and cooperation, with an understanding of the benefits of technology for everyday life, including: food, clothing, residential, transportation, education, entertainment, medical and home care.

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