“Open standards can [ensure] money is invested more efficiently and dramatically accelerate IoT adoption and growth,” said Jeremy Green, Machina analyst and author of the report. Machina provides market research and strategic guidance on M2M and IoT.
Reliance on open standards should seem obvious, but experts said it has been difficult for cities to compare their technology decisions, much less make IoT systems interoperate. Cities will sometimes work with a vendor that offers proprietary technology at low cost or build their own custom solutions.
The cost savings are possible because open standards improve interoperability on networks and limit vendor monopolies that can raise prices; open standards can also reduce integration costs, according to Machina and other research firms.
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