So far, IoT has been all about business. Companies keep raving about the Internet of Things’ global value ($ 14.4 trillion within 4 years), countless advantages and opportunities. Millions, billions, trillions. What about consumer Internet of Things? How will smart gadgets change and hopefully improve our lives? Read on to find out!
Consumer IoT: 5 steps towards hi-tech future
Back in 1999 Kevin Ashton coined the Internet of Things term to describe some kind of environment where different objects equipped with smart sensors would collect data and exchange it over a network.
Now, 17 years on, we live in a world of Nest thermostats and smart speakers. Is it the Internet of Things? Are we there yet?
According to Matt Turck (VC at FirstMark), Gartner and Harvard Business Review, IoT is far bigger than we think. Tech experts might criticize the Internet of Things hardware, label smart gadgets as “niche solutions with little commercial potential” and write tell-all articles about IoT interoperability. Yet, you can’t ignore the obvious. By the end of 2016, there will be 6.4 billion connected gadgets worldwide.
The Internet of Things is here to stay – and change the way we work, travel, learn and take care of ourselves for the better. In case you’re a businessman, using Big Data or building an IoT product will certainly help your company outperform your competitors and win customers. What are you waiting for?