The Cleveland Foundation board of directors announced a $1.75 million grant to Cleveland State University and Case Western Reserve University to help the two institutions launch IoT Collaborative (IOTC) – a concerted effort focused on the Internet of Things.
One of the key components of what is being called the “fourth industrial revolution,” Internet of Things refers to the vast interconnected network of devices – which are expected to number more than 30 billion by 2020. It is predicted that over the next five years, the economic impact of Internet of Things projects could be upwards of $6 trillion worldwide.
C|M|LAW Professor and Center for Cybersecurity and Privacy Protection Director Brian Ray was part of the multi-disciplinary Leadership Team that created the IOTC. As the IOTC Cybersecurity Industry Liaison, he will work with industry partners and faculty experts on both campuses to develop shared opportunities for applied research as well as education and training programs to prepare students and professionals in law, business and computer science to take advantage of the emerging Internet of Things revolution.
“We have already seen significant early successes as a result of this partnership,” Cleveland State President Ronald M. Berkman said. “Through the planning grant, faculty from both schools have established new relationships that provide the foundation for growth and have met to map out new collaborative research directions that tie closely to Cleveland’s most critical needs. It is imperative that we build the research infrastructure, both in terms of talent and a supportive environment, to establish Cleveland at the forefront of this rapidly growing and evolving sector.”
To learn more about the IoT Collaborative, visit iotcollaborative.org.
Read the complete Cleveland Foundation release.