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Technology

Japan businesses seek single exchange for internet of things data

Coming as soon as 2020, market could expand product, service horizons

A porter robot zooms through the aisles of an Omron plant.

TOKYO -- A hundred Japanese companies are working to launch an exchange for data collected through the "internet of things" as early as 2020, which could let companies better trade information that could inspire new products and services.

There are high hopes around the world for IoT, which connects appliances, cars and even factory equipment through the internet. Many are looking to use data collected from these devices to develop new products and services, as well as to power technology like self-driving cars.

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