Continued growth to yearly production rates of trillions of sensors through the next decade is expected to be driven by smart systems which are a fusion of computing, communication and sensing. Smart systems support multiple emerging global tides including Mobile, Wearable, Internet of Things, Central Nervous System for the Earth (CeNSE), Context Computing, Digital Health and Abundance. A recent McKinsey Global Institute report forecasts that just the "Internet of Things" (IoT) will add between $2.7 and $6.2 trillion to US economy by 2025, and Cisco predicts that the IoT global market will be $14.4 trillion in the next decade, creating significant number of new jobs. All smart systems may approach 20% of global GDP in the next decade.
"We believe that new ultra large volume applications can only be 'invented' by visionaries, as they can't be extrapolated from the past. We thus invited leading sensor experts worldwide to present their visions at TSensors Summit," said conference chairman Bryzek. "The time from discovery to full commercialization for new sensors has been reported by Roger Grace Associates and Steve Walsh of the University of New Mexico to average over 30 years. We believe that accelerated sensor development is possible, but it will require a broad-based and focused commercialization effort, which we plan to enable through the Trillion Sensor Roadmap. We consider TSensors Summit to be the first and deliberate step of this activity. Furthermore, we believe that development acceleration strategy will likely require funding of the cooperative effort between academia, industry and governments," continued Bryzek.
Bryzek concluded, "We anticipate that one of the most rewarding outcomes of the TSensors Roadmap will be its role to accelerate the commercialization of sensors critical to achieving 'Abundance' in a m
|SOURCE TSensors Summit|
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