The Next Wave: What Is the Internet Of Things?

We are not in Kansas anymore

The exploration of the Internet of things needs to consider a much wider context than the early days of RFID tags and sensors. With over 3 billion internet users, 7 billion mobile subscriptions and over 1 billion web pages expanding with new social media, wearables, and connected devices, homes, transport and living spaces; the Internet of Things (IoT) is the next wave of pervasive computing. This is a rapidly changing and developing world that will create a fundamentally different society by the late 2020s. That's only five to ten years ahead, we are "not in Kansas anymore" as it represents a whole step change in how people, places, objects, rooms, buildings, and relationships will transform skills, wealth, privacy, and freedoms.

This video provides a short overview of the emerging technology and business themes that will be breaking in 2016 and beyond.

Source: Warwick Business School

A new perfect storm of Big Data, AI, and IoT

While the PC era moved to a mobile era of the second screen in the past decade, we are now moving into a new third wave of connected objects and services that will transform society, business, lifestyles. This wave will create a huge expansion of big data from the myriad of sensors and usage of connecting things that we have not seen before.

Yet this is more than the connected data story but with adding into this also machine Intelligence and AI as well as Virtual Reality VR and Augmented Reality AR we are seeing a new kind of intelligence of connecting things emerging that are just tantalizingly on the edge of our experiences.

Building Industry 4.0 and beyond

From Tesla to Amazon, Google, Facebook examples in early consumer electronics and assets that have smart features to new visualization wearables; these ambitions point to a new way of thinking that will challenge existing business models and agile methods. In what some describe as the Industry 4.0 of interconnected industry and systems it points towards new ways to build competitiveness, productivity automation and social and societal experiences and sustainability that will define the Digital Economy of the next decades to come.