PARANOID? THEN THIS IS NOT FOR YOU!

The Times of Israel reports that IQP, an Israeli start-up that lets users create apps without any programming knowledge, has teamed up with three Japanese giants Fujitsu, NEC Engineering and KDDI to develop applications for the Internet of Things. The IQP graphical user interface-based platform will allow developers to build apps for a plethora of Internet-connected devices, from refrigerators to washing machines to cars. The apps are built using drag-and-drop actions, and can be easily added to devices to record and upload information about use and customer needs. According to a Gartner report on the growth of the Internet of Things, by 2020 there will be 26 billion objects connected to the Internet, excluding PCs, tablets and smartphones. Due to the typically large investment of both time and money involved in developing and commercializing IoT applications, American and international companies still find it difficult to develop profitable business models around IoT.