The Internet of Things
Over the years we have experienced many revolutions and genius inventions that have helped shape our society. Steam helped us incorporate modern machinery and improve transport. Then electricity completely changed the game, leading onto computers and of course the internet. The next game changer insiders have said is going to be the next generation of the internet – The Internet of Things.
Why Are People so Excited?
To put it bluntly, it’s all about money! If current forecasts and trends continue match & exceed expectations then this new industry sector could be worth an estimated $14 trillion by 2020 (Cisco). There has been a rush as of late with manufacturer’s and entrepreneur’s jumping on the IoT band-wagon. Like when social media first erupted there will be a slew of pretender’s to the throne when it comes to the IoT, only for a couple to come out the other side triumphant. Currently there are many products that claim to be fully paid up members of the Internet of Things family, however, time will tell if they last the distance and can make their products compatible with other machines. Like with most other industries, look for the big companies to make the biggest splash in the IoT market – The big players are set to be Google, Microsoft, Amazon, IBM and of course Apple.
What it Means For You
Besides the sheer excitement that we’re riding the crest of a wave when it comes to 21st century technology, the IoT should be a force for good for everybody. Business owners will increasingly adopt more cloud based infrastructures to gain vital analytics making it easier to please their customer base. As most of their customers want fast and easy transactions using devices and apps the business sector will have to update its technology to match demand.
The IoT will connect the world even more so than it already is. In the process it will make technology easier and cheaper to use. The future is now!