Wicked or wickedly good Internet of Things impacts home security, smart home, appliances.
Craving more hype? Then say hello to the Internet of Things (IoT). IoT will be everywhere, will do everything, will touch everyone — and generate trillions of dollars. It will be on every wrist, imprinted into bike shorts and on cans of green beans; it will reside in every home, office, factory, hospital room, school desk, and tent worldwide. The mighty IoT may one day spew out data streams of monoicosebyte proportions, all seemingly in a nanosecond. (Monoicosebytes are 9x exponential steps beyond the terabyte.)
If you’re counting, it will be the fourth industrial revolution — the ultimate tipping point. The paramount of all paradigm shifts. The most disorderly of disruptive technologies.
IDC, a global tech market intelligence firm with an awesome ability to count objects before they exist, claims the installed base of connected things will be 212 billion by the end of 2020. These IDC crystal-ballers say Internet of Things will be “a new construct in the information and communications tech world,” and they peg IoT spending at $8.9 trillion by 2020.
Predictable with any market “ready to explode,” there is even more research to prove the point.