Verizon Rolls Out IoT Simplification Strategy

Verizon introduced a global strategy to simplify the IoT and accelerate market adoption, it said in a news release Wednesday. The company is launching an IoT platform called ThingSpace to allow developers to create applications, customers to manage devices, partners to launch market services and Verizon to launch integrated vertical solutions in an open environment, it said. Verizon also said it's creating a dedicated network core and new connectivity options for next-generation IoT use cases, commercializing its big data analytics engine for IoT deployment and introducing three end-to-end smart cities systems -- Intelligent Video, Intelligent Lighting and Intelligent Traffic Management. Verizon is generating "one of the largest amounts of revenue from the IoT of any company in the U.S.," and is engaged in collaborative projects in connected agriculture, manufacturing and connected machines, pharmaceutical supply chain monitoring and electric vehicles, it said.