This April 2020 report by Harbor Research offers recommendations for organizations to develop new business opportunities by leveraging smart systems and the Internet of Things. The key enabler includes high performance networks such as Long-Term Evolution (LTE/4G) and next generation 5G. Use of private network services is proposed to act as an abstraction and orchestration layer to link existing networks and optimize data flow and operational efficiency. Successful deployment of new technologies will strongly depend on organizations being able to engage different channels and deploy new technical and business models.
Key words: Audio/Video, Communications, Computer/Network Hardware, Construction, Controls/Sensors, Internet of Things (IoT), Research & Development, Robotics, Smart Cities, Utilities, Smart Systems