Unfortunately, there are plenty of factors impeding this data-rich future. The problems range from the 400-plus competing IoT standards to lack of global Internet connectivity, and more.

Vendors largely control the 400-plus competing standards, but the battle for developer hearts won’t be won by a corporate logo-laden home page. Open source, however, could help, allowing developers to focus on interoperable code, rather than interoperable vendors.


Read More: http://readwrite.com/2015/06/29/internet-of-things-11-trillion-obstacles-open-source