Verizon focuses on lowering costs for IoT apps, network
On Wednesday Verizon launched ThingSpace, a development platform for companies of all sizes to create Internet of Things applications more efficiently and then later manage those apps.
The carrier also announced it is creating a new dedicated network core for IoT connections that can scale far beyond the ability of its existing networks with the intent to reach billions of sensors and devices.
"Continued innovation in smart cities, connected cars and wearables demonstrates that IoT is the future for how we will live and work," said Mike Lanman, senior vice president of enterprise products at Verizon during an event held at Verizon's San Francisco Innovation Center. He said Verizon is taking a "holistic approach" to help expand the IoT market from millions of connections to billions. The event was webcast.
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