Special funds for the development of the Internet of Things will play a greater role

On January 6, 2012, the Ministry of Industry and Information Technology and the Ministry of Finance announced the 2012 annual Internet of Things development special fund to support projects, including eight technology research and development and five intelligent areas, a total of 149. The release of the project to be supported by the special fund for the development of the Internet of Things has clarified the direction of the development of the Internet of Things in China to a certain extent, which is conducive to the convergence of the Internet of Things industry in China and the benefit of a larger industrial group.

In 2012, on the basis of summarizing the original policies to promote the development of the Internet of Things, the revised “2012 Interim Measures for the Management of Special Funds for the Development of the Internet of Things” was implemented, which further clarified the direction and focus of support, further improved the way of support, and established the performance evaluation system of special funds for the development of the Internet of Things.

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The total amount of special funds and the gradual expansion of the field will greatly promote the development of the industry, according to Ni Xiaolong, director of the high-tech Division of the Science and Technology Department of the Ministry of Industry and Information Technology, the Ministry of Industry and the Ministry of Finance plans to set up 500 million special funds in 2013 to support the development of the Internet of Things, I believe that with the development of the industry, the Internet of Things special funds will play a greater role.

Business models are gradually taking shape

A business model describes a business itself for better understanding or for developing a new or designing a new model. Like any other model, a mature business model has its inputs, outputs, and its components, which combine in some way to provide the outputs. The business model of the Internet of Things industry is even more so, and the original business model needs to be updated and upgraded to adapt to large-scale, fast and cross-domain applications. The more critical thing is to truly establish a win-win business model, which is the core driving force to promote the long-term and effective development of the Internet of Things. To achieve win-win results, it is necessary to make the Internet of Things truly become a driving force for business, so that all aspects of the industry chain participating in the construction of the Internet of Things can benefit from it.