"We have to find new ways of applying our resources, so I don’t agree with those that say it’s going to cause an enormous amount of redundancies.
"I fundamentally believe that IoT won’t work without human interaction of some kind. You can automate processes and create significant efficiency, but at the end of the day there is someone programming the algorithm or analysing the data – because the robots can’t do it.
"We need 4.5 million developers for IoT alone, so I think anyone that does get made redundant will end up getting jobs elsewhere."
Smart home technology like electric bulbs and the ones used in buildings are expected to significantly benefit electrical professionals.
According to industry experts, for the successful deployment of IoT, proper standards must be established and implemented to safeguard the rise of connected devices.
ABB Low Voltage Products Standardisation and Industry Relations head Kai Garrels said: "Function and safety standards ensure that machines and installations are safe and they don’t harm people and have been in place for many years.
"We then have IT security standards, mainly on the infrastructure, which are also in place but have room to evolve as you wouldn’t apply power plant infrastructure security to your home."
This article is from the CBROnline archive: some formatting and images may not be present.
Join Our Newsletter
Want more on technology leadership?
Sign up for Tech Monitor's weekly newsletter, Changelog, for the latest insight and analysis delivered straight to your inbox.