Google is helping build an Internet of Things campus

google bicycle

(Justin Sullivan/Getty)

Google is helping Carnegie Mellon University in Pittsburgh become a testing ground for Internet of Things solutions through a $500,000 grant and access to unreleased Google IoT technologies, according to the Pittsburgh Post Gazette. The plan is to outfit many of the campuses everyday items, ranging from coffee pots to bus stops, with wireless sensors to collect data and provide reactionary features. The university and city officials hope the technologies deployed at Carnegie Mellon will eventually be used citywide.

This story was originally sent to thousands of professionals in the internet of things industry in this morning's IoT INSIDER newsletter. You can join them -- sign up for a RISK FREE trial now »

One of the project's primary goals is to create a platform that solves the interoperability problem by enabling all IoT-equipped devices on campus to communicate with each other. For example, an internet connected alarm clock could talk to an internet connected coffee machine to tell it when to have coffee ready by.

The current lack of interoperability among devices is an $8 trillion problem, according to McKinsey. McKinsey's recent IoT economic value-add forecasts states that if the IoT interoperability problem was solved, the IoT would add $11 trillion in 2020 to the global economy through increased efficiencies, such as savings on energy costs and infrastructure improvements. If it is not solved, McKinsey estimates the economic value of the IoT will be $3 trillion.

Here are other stories you need to know from today's IoT INSIDER:

• CISCO'S $1 BILLION TECH INVESTMENT IN THE UK

• FORMER DIGG & EQUINIX CO-FOUNDER STARTS IoT FUND AS IoT FUNDING GROWS

• IBM JUST REVEALED THE NEXT BIG MILESTONE IN CHIPS

Interested in getting in-depth analysis on this topic and others like it? Here are a few ways to access our exclusive research:

1. Subscribe to an All-Access pass to BI Intelligence and gain immediate access to ALL of our expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> Learn More Now

2. Purchase & download comprehensive research reports from our research store. >> Purchase & Download Reports Now

3. Try our INSIDER Newsletters risk-free. Every morning the BI Intelligence team will deliver you a daily newsletter covering everything you need to know in your digital industry. >> Start Now Risk-Free

---

BI Intelligence Devices

(BI Intelligence)

PS. Did you know...

Our BI Intelligence INSIDER Newsletters are currently read by thousands of business professionals first thing every morning. Fortune 1000 companies, startups, digital agencies, investment firms, and media conglomerates rely on these newsletters to keep atop the key trends shaping their digital landscape — whether it is mobile, digital media, e-commerce, payments, or the Internet of Things.

Our subscribers consider the INSIDER Newsletters a "daily must-read industry snapshot" and "the edge needed to succeed personally and professionally" — just to pick a few highlights from our recent customer survey.

With our full money-back guarantee, we make it easy to find out for yourself how valuable the daily insights are for your business and career. Click this link to learn all about the INSIDER Newsletters today.

More From Business Insider

• Self-driving cars took center stage at CES
  

• THE PAYMENTS ECOSYSTEM: Everything you need to know about how the payments industry works and where it's going
  

• Google has a clever idea to let its self-driving cars deliver your packages