Huge potential for IoT, ubiquitous connections — but how to foot the bill?

Gigaom

Before the world can reap the true benefits of the internet of things — a collection of billions of connected devices which could contribute tens of trillions to the global economy by 2030 — there’s an awful lot of expensive heavy lifting to be done, both on the device side and in  network infrastructure.

When that mission will be accomplished depends largely on ubiquitous and affordable wireless connectivity. The problem is that wireless connectivity doesn’t come cheap even for the millions of smart phones in use now and that cost issue needs to be resolved before the broader IoT can take off, said speakers at the Harvard Business School’s Cyberposium 2013 Saturday morning.  

Wireless connectivity “costs billions of dollars. It’s not just about laying fiber. Frequency does not grow on trees — it is a precious resource,” said Susie Kim Riley, founder and CEO of Aquto, a mobile internet…

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