Leading innovation in the Internet of Things

Research Area(s): Internet of Things | Funder: CFI | Program: STREAM 1
PI Name: Ginger Grant | Faculty/Department: Office of Research and Innovation

The global Internet of Things (IoT) market is expected to hit over one trillion dollars by the year 2022, with a roughly 12.6 percent compound annual growth rate for IoT spending across commercial and consumer segments between 2019 and 2022. With the number of connected devices estimated at over 75 billion worldwide in 2025 and the launch of fifth generation wireless technology, the growth of IoT will be transformative across sectors. We already see IoT in a range of consumer products, from smart watches to security cameras, thermostats and home assistants. It has made its way into industrial processes; the Industrial Internet of Things enables data collection, analysis and predictive modelling to improve manufacturing and supply chain management efficiency and productivity. IoT is also used to manage infrastructure (smart buildings and highways) and logistics (moving cargo). IoT integrates technologies including sensor, communication, data storage, analytics, artificial intelligence, cybersecurity and user interface technologies. This presents a clear challenge for companies; rarely do companies, especially small-and medium-sized enterprises have all the resources to build end-to-end IoT solutions. The proposed CFI project will add state-of-the-art IoT infrastructure to Humber College's current capacity to deliver a complete end-to-end ecosystem for a full spectrum of collaborators, from local SMEs and entrepreneurs, to multimillion-dollar corporations.