Proving the Business Case for the Internet of Things

Comcast to help start-up accelerator build IoT lab in Colorado

Steve Rogerson
February 26, 2015
 
Boulder in Colorado is to get its own IoT laboratory following a collaboration between local start-up accelerator Boomtown and Philadelphia-based Comcast.
 
Comcast Labs is the advanced technology arm of the company and is focused on developing, integrating and deploying products that change how people are entertained and informed. It has the network and scale to bring the IoT to more people.
 
“The IoT Lab will build relationships with other labs locally and around the world to leverage expertise and resources,” said Toby Krout, Boomtown founder and managing director. “We believe this facility can be an important addition to Boulder’s already thriving development culture.”
 
The lab will serve entrepreneurs, Boomtown start-ups, and companies and corporations seeking to develop products and services for the IoT. Users will be able to access the latest hardware and software in this market, explore interactivity and communicate across virtually every major traditional and mobile operating platform.
 
“Comcast Labs, like many other companies, sees the tremendous potential of the IoT, and we’re very pleased to partner with Boomtown to underwrite the development and launch of the lab,” said Joshua Seiden, executive director of Comcast Labs.
 
• According to the Economist Intelligence Unit, 61% of executives surveyed agree companies that are slow to integrate the IoT will fall behind the competition. Nearly all respondents (96%) expect their business to be using the IoT in some respect by 2016. Further, information technology research and advisory firm Gartner predicts the IoT will have an economic impact of as much as $1.9tn by 2020.