Sensors and the Internet of Things (IoT) are driving the next wave of technological innovation, transforming lives and growing the economy. By connecting digital devices to the physical world around them, the impact of these emerging technologies on our data-driven society is limitless. The sensor market is growing at over 10% per year, and it is currently worth around US $500 billion globally. The growth in sensors is linked to the increased adoption of the Industrial Internet of Things (IIoT) and Industry 4.0. The fourth industrial revolution technologies, including Big Data, autonomous systems, systems integration and cloud computing, are transforming modern manufacturing by enabling the generation and analysis of digital data that supports the development of smarter products, processes and supply chains. Innovation in this sector is also happening at a very fast pace. Strengthening the link between academia and industry is therefore essential to guarantee that academic research in instrumentation and measurement gets rapidly to the market, and at the same time, innovative ideas from industry get the necessary academic support. This is where Sensor City can help.
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Ferrero et al. (2018) studied this question.
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