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Verizon Releases IoT Report

April 5, 2016 – Verizon just released the “State of the Market: Internet of Things 2016” report.  According to the report, the Internet of Things has gone mainstream.  The report summarizes “throughout 2016 and beyond, Verizon’s experts say that IoT will continue to be a revenue driver for businesses both large and small due to the confluence of five macrotrends.”   According to the report, one of those macrotrends is “changes in the regulatory landscape will continue to bring the right ecosystem partners together to help establish industry standards more quickly.”  The Verizon IoT report then goes on to summarize the following:

  • Consider the Drug Supply Chain Act, which gives drug manufacturers until late 2017 to implement systems to electronically transfer and store transaction histories for their prescription drugs including shipment information across their distribution and supply chain. The law is designed to thwart counterfeit drugs which cost the industry $75 billion annually according to the World Health Organization.”