How the ‘Internet of Things’ is Changing How We Do Business
Right now, the Internet of Things is a technology in its infancy. There is a network set up for devices to communicate with each other and while it’s true that you can sync your smartphone to your PC and start your car in the middle of winter via an app, these barely scratch the surface of what the coming Internet of Things age will entail. Even so, the Internet of Things is changing the way that we do business in some pretty surprising ways.
Right now, there are about 12 billion internet connected devices, but last year, that number was only 2.5 billion and if that growth is any indication the numbers will be huge.
Technology experts say that by 2019 there will be around 25 billion devices, but others are predicting as high as 50 billion devices by 2025. These items are already collecting information and allowing it to be processed, interpreted and used and they are making an impact already on the business world.
Right now, factory machines are being built with sensors that will let someone know if there is a problem and the latest security technology is being implemented everywhere. The Internet of Things will also include lighting, allowing lights to detect when people are around and turn on and off automatically to save energy costs.
Sensors are changing the way companies do market research and analytics. For example: some tire companies are putting sensors into their tires so that they can tell when they are overinflated or underinflated and when they need to be changed. But these same sensors that give the driver that information can also be used to collect information and send it back to the company, giving them real data from their real customers.
Finally, this new internet is going to open up new revenue streams for companies. Not only will this new technology allow them to develop more products, there will also be revenue streams directly connected with the smart objects that will be all around us.
You might have a desk that shows you advertisements along with the morning news headlines for example or “smart” items that can be upgraded and improved for an additional cost.
That isn’t all, either. The Internet of Things is going to change the way we travel, the way we communicate and the way inventory and shipping is done.
In the coming decades, we will have to adapt as business starts to look completely different — as it must have to the office worker who started with a typewriter in the 70’s and ended up with a smartphone and a laptop in 2015.
The Internet of Things in 50 Years
It used to be that the only electronics that were networked together and able to communicate were computers – and they only were able to connect with each other over a wired connection. But now, not only do we have wireless internet everywhere, we also have the Internet of Things – the network of devices that make up our world, sharing information, gathering data and learning from us so that they can serve us better. But what will this network look like in 50 years? Where exactly is the Internet of Things going?
The Internet in 50 Years
In 50 years, some experts think that the internet itself is going to be completely different than what we are used to.
In the future, there will be internet much farther advanced than our current technology and it will literally be everywhere.
Rather than finding “hotspots” with internet, people will very likely have a unique login of some kind that is the same across all of their devices to access the wide array of internet spanning the globe.
You’ll probably have to pay every month for access, but maybe not. After all, you can find Wi-Fi that is free to use in my places even right now.
The Communication in 50 Years
Most people don’t have any idea just how fast the internet will be in 50 years. Right now, data centers or “nodes” that provide internet service communicate with each other at lightning speeds at least 10 times faster than the average home download speed. That will change.
In 50 years, we’ll be connecting to each other at speeds that will probably be 100X faster than what currently passes for internet speed at these data centers, and rather than having home internet and Wi-Fi speeds that are optimized for download, both the upload and the download will be mega-fast. Fast enough that you could stream or upload a huge HD movie in seconds.
The Network of “Things” in 50 Years
Finally, the Internet of Things will literally be everywhere.
From the clothing that we wear to the appliances, electronics and furniture in our homes, everything will be connected to the internet, gathering data, learning how to improve and sharing information with each other.
When you sit down on your couch, your entertainment system will come on. When you get sick or injured, your clothing will not only have your medical information – they will also be able to call 911. Everything will be networked and it truly will be an Internet of Things.