The Internet of Things (IoT): Five Trends!
Common Sense Hallmarks Are Ubiquity And Affordability
By IoTComplete’s Jimmy Schaeffler
(October 1, 2014; Carmel-by-the-Sea, CA)
People, especially business people, like trends.
They like trends because knowledge of where people and businesses are going creates opportunities, both to make money and to avoid losing money, for example.
With that in mind, IoTComplete.com introduces what is intended to be a regular feature of the site, which is a regular update, of at least a twice-yearly variety, on the most important trends affecting the Internet of Things (IoT).
Note that the numbering of these IoT trends is done for guidance, and not for rating purposes, because we deem it likely too early in the IoT lifecycle to estimate those trends’ relative importance. This is another way of saying: all the IoT trends important right now, which is why we list them.
1) Building the IoT into things that people use will become the norm, rather than the clear exception it is today. Thus, from the start of the manufacturing process, increasingly engineers and manufacturers will make the implementation of IoT a standard and necessary step in the building of future hardware and software (See, IoTComplete.com, Article entitled “The Internet of Things Lights Your Business… Today”).
2) That said, security will continue to menace the machines and devices that use the IoT. The security menace, however, will not prevail. That is because, not unlike what General Instrument did with its C-Band services, and not unlike what the North American cable industry has done, pirates can be controlled, especially if you upset their economics (See, IoT.Complete.com, Article entitled “IoT + Security, Piracy, & Privacy: It’s Economically Solvable”).
3) Certain industries, nonetheless, will favor IoT over others. These industries will include transportation, manufacturing, and medical, because management, efficiency, and scheduling are so critical to these businesses. Some businesses that are much less likely to require IoT implementation at such an enhanced pace are music, religion, and education.
4) Governments will adapt quickly to the IoT, primarily because running efficiently is a paradigm of good government. This will be the case on the smallest local level, regionally, and nationally. Indeed, really well-oiled national governments will use IoT to connect with other national governments and peoples. Smart cities, like Barcelona, are incorporating IoT to help with projects, such as water and waste management and electric supply. Indeed, because nearly half of all California households do not have water meters – especially in this time of once-in-a-millennium drought – adoption of IoT plans and methods is all the more critical to basic quality of life.
5) The early chaos of tens of thousands and more IoT stakeholders will subside. Thus, the volume of IoT stakeholders in every subdivision and sub-part of the new IoT industry, all clamoring for a spot in The Land of IoT, will quickly morph as the acquirers consume the acquirees. In the longer term, not unlike the distribution services of Direct Broadcast Satellite (DBS), satellite radio, cable, and Internet Protocol (IP), automobile, fast foods, pharmacological, and most of the video content business today, that consolidation will, within a couple of decades, become a concern.
6) Bonus Trend: The Value and Cost-Effectiveness of IoT Will Drive The Acceleration of These and Other Related IoT Trends.
Jimmy Schaeffler founded IotComplete.com based on the idea of exploring as many corners of the Internet of Things as passionately possible. He uses his decades of telecom expertise and professional forces to fully light the burgeoning worlds of IoT & M2M. By focusing on the professional consideration of news, opinion, research, and concrete tactics and strategies, Mr. Schaeffler’s aim is to provide a top-level, one-stop resource for publication, consulting, conference and speaking needs. The IoTComplete.com business is designed toward helping companies, governments and institutions grapple with the new realities and planning necessary to thrive in the IoT & M2M era faced by every person and entity globally. Visit www.IoTComplete.com for more detail.