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Beijing, March 15, 2018: The rapid growth of the Internet of Things (IoT) in China was the result of efficient and concerted efforts from the country’s private sector and the government, and the United States can learn from it, according to a Cisco vice president.
Chinese news agency Xinhua reported that Maciej Kranz, Vice President of the American telecommunication titan Cisco Systems, had said in an article published in Forbes magazine that he was impressed by China’s surging IoT industry and believed that his country should learn lessons from China.
Recalling his latest business trip to Beijing, he said that in China the growth of IoT “permeates almost every business segment and public system, not only manufacturing and industrial sectors but also transportation, city services, health care, retail, agriculture and more.”
The IoT, a term coined in 1999, is used to describe the network of physical devices, vehicles, home appliances and other items. All “things” on the network are embedded with electronics which enable them to connect and exchange data.