Internet of Things enabling new economy

150 150 MIMOS Berhad

KUALA LUMPUR, 18 Aug 2016 – The Ministry of Science, Technology and Innovation (MOSTI) has announced that the Internet of Things (IoT) would be a key enabler for the new economy.

New economy is defined as the transition from a manufacturing-based to an innovation-based economy; while IoT refers to connected devices via the Internet, seamlessly transmitting data to create new information and knowledge. IoT is the next evolution of the Internet that facilitates greater distribution of information and knowledge.

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