Internet of Things

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Yuli Ban
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Joined: Sun May 16, 2021 4:44 pm

Internet of Things

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You'd be forgiven for thinking that the Internet of Things (IoT) is dead, a relic of mid-2010s Silicon Valley hype that never panned out because it seems no one talks about it anymore.

But in actuality, the IoT is pretty advanced and its progress into everyday life was gradual, if underwhelming.

Why didn't the IoT take off more explosively? Basically, because smartphones fulfilled the majority of niches that were promised by the IoT. Why put screens and sensors into everything if a single smartphone does 70% of all that and in a more practical, economical, and ergonomic way? But that just meant that the IoT itself had to adapt to this changing reality...

Eight IoT predictions for the next decade
The internet of things (IoT) is everywhere today. From TVs to thermostats to lightbulbs, it seems like virtually every piece of technology today has an internet of things version somewhere. It’s only going to grow from here, too.


While smart devices are already all around us, the IoT is still in its early stages. Here’s a look at the top eight predictions about where it will go in the next decade.
And remember my friend, future events such as these will affect you in the future
User avatar
Yuli Ban
Posts: 4631
Joined: Sun May 16, 2021 4:44 pm

Re: Internet of Things

Post by Yuli Ban »

The Internet of Things Myth part 1: What happened to the promise of 50 billion devices?
Back in 2011 some industry commentators were promising an IoT market of 50 billion connected devices by 2020. We’re in 2020 and we can safely predict that we won’t reach anywhere near that figure by the end of the year. What happened? Why did we not hit that figure, or get anywhere near it?

‘The Internet of Things Myth’, a new book by IoT industry veterans Matt Hatton and William Webb, lifts the lid on the challenges and mis-steps that held back IoT adoption. This article, by one of the authors, looks at one reason why we fell short: the idea that everything would and should be connected. In subsequent articles we will examine some of the technical issues that dogged the adoption of IoT, and the challenges enterprises faced in really harnessing IoT.

The first thing to note is that not every company was forecasting 50 billion connected devices. In late 2011, for instance, Machina Research, an analyst firm founded by the author, was predicting just 12 billion devices by 2020. The 50 billion figure grabbed the headlines because it was one of the larger forecasts but not everyone subscribed to the idea that the market would be so big.

Nevertheless it is hard to escape the idea that the IoT fell short of expectations in the last decade. During the first half of the last decade there was an exponential growth in interest in IoT and substantial reduction in barriers to entry, not least in plummeting costs of connectivity and software platforms that made deployment significantly easier. In the second half, however, very few elements of IoT reached a ‘tipping point’ to achieve accelerated growth. Some, but few. A number of other factors acted as a break on growth.
And remember my friend, future events such as these will affect you in the future
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