Source: "The Internet of Things -- or IoT -- was one of the biggest topics at the South by Southwest Interactive conference in Austin. The impact of this technology on our economy is expected to far exceed that of smartphones. One of the biggest beneficiaries of IoT will be your car, which is becoming a rolling extension of your home. General Motors (NYSE: GM ) is now offering 4G connectivity in many of its vehicles. Ford (NYSE: F ) is working on direct connectivity with your home. Tesla (NASDAQ: TSLA ) is able to push out updates over the Internet to your car, eliminating costly trips to the shop. Motley Fool analysts Rex Moore and Lyons George
Imagine a future where the American dollar is worthless. To re-build the economy, citizens must use the only resource available: decades of post-consumer waste. With no way to aﬀord expensive international electronics, they sift through products that have been subject to planned obsolescence for the possibility of working parts. The goal is to build a new communications infrastructure that is community-controlled and far from the prying eyes of any government. The New American Sweatshop manifests itself as an installation
Source: „Want a secure job in the future? Don't compete with software. Workers wanting secure employment in coming decades will need skills that complement software applications, rather than compete with them. Those who don't possess such skills face a nearly-50% chance of having their occupations replaced by automation, according to two University of Oxford professors who studied technology's impact on employment over the last 500 years. The career fields seen losing the most jobs include not just relatively low-skilled occupations such as telemarketing and retail sales, but also high-paying positions now held by accountants
Source: "In the keynote presentation of 2014’s Consumer Electronics Show, Cisco CEO, John Chambers, estimated the market opportunity related to the Internet of Things to be valued at $19 trillion. Further, Chambers said that manufacturing would account for roughly $2.9 trillion of the total opportunity. As Chambers continues to trumpet these figures in other highly visible venues, he is assuredly trying to some extent to drum up investor enthusiasm as the self-proclaimed champion of the Internet of Things. However, what should not be left in the rhetoric is the sheer size of the market — even as a ballpark figure.
While the Internet of Things is not a new concept,
Source: „The Internet of Things is a term that has been around for about 15 years, with its origins in barcodes and radio frequency identity (RFID) tags, and evolving via near-field communication (NFC) and QR codes. But it's the rise of smart devices and wearable technology –which has only started to take off in the past few years – that will see the Internet of Things come into its own.
The technology has now developed to the point that it allows tiny sensors or identifiers to be applied to millions of devices, whether that's stock on a shop floor, internet-connected thermostats, smartglasses or connected cars.
Source: "John Chambers, Cisco CEO, describes in this article how we are entering an age of the 'Internet of Everything', a world that will explode into life and grow exponentially to a staggering 20 billion devices by only 2020.
This will see a perfect storm of increasing software AI (Artificial Intelligence) combine with highly distributed computing, via Android et al. Technologists and entrepreneurs will address core technology needs such as 'occasionally-connected devices'. Not only will your fridge become smart enough to reorder your groceries, and be connected enough to do so, but as this article describes it will also get damn right lippy!"
Source: „For the internet of things to succeed, its parts have to be interoperable, Intel’s Boyd Davis said at Structure Data Thursday.
As Intel makes bigger bets on the internet of things, it is obviously hoping that its own platform will succeed — but devices can’t all be based on Intel hardware, Boyd Davis, VP of Intel’s data center group, said at Gigaom’s Structure Data conference Thursday.
“We’d like to see the internet of things evolve to a point where there’s a higher degree of interoperability,” Davis told Gigaom’s Stacey Higginbotham. “We aspire to create standards and architecture where anybody can compete at any level.”
Source: „Smartphone-controlled coffee makers turn out to be less cool than you might think. It’s not that hard to time your morning brew.
“I look today at some of the work being done around the ‘Internet of Things’ and it’s kind of tragically pathetic,” said MIT Media Lab founder and longtime tech futurist Nicholas Negroponte on the first day of the TED conference in Vancouver this week. Negroponte’s problem is with intelligence living in smartphone apps, rather than in connected objects in the world around us. He thinks things in the world should actually get smarter — for example, ovens should recognize when a plate of chicken is placed inside them,
Source: „Takeaway: The Internet of Things will change everyone’s life, no doubt there. The question is will it be a positive change or one that we all regret? Later in life, Albert Einstein regretted adding his signature to the letter sent to President Roosevelt urging him to support nuclear chain-reaction research. However, Einstein’s hindsight is of no help. To use a cliché, "The genie was already out of the bottle." It has been suggested we are at a similar precipice with the Internet of Things. OK ... maybe it won't change the course of history quite as dramatically as nuclear weapons, but it definitely has the power to change the world. The only question is, will it change things for the better?
Source; "The Internet of Things is currently developing in silos and until those silos are connected, end uses won't get much value out of it, executives said this morning during a panel discussion in Seattle hosted by Chetan Sharma Consulting. "These devices have to do things that are much more insightful for you as a consumer than just telling you your heart rate," said Shankar Chandran, vice president at Samsung Catalyst Fund. "That's nice to know but it doesn't help me in my day to day life." However, combining that heart rate information with data from other sensors and then offering the user suggestions could be used for the prevention of chronic disease, for instance.
Source: „This morning I awoke to a note on my flat's electronic noticeboard from the toaster reminding me I needed to buy more bread. Hoping to avoid breakfast disappointment, my muesli suggested I try a bowlful instead, but only half-heartedly as it knew statistically I am unlikely to eat muesli on a Tuesday. Fortunately, I was saved by the doorbell and the arrival of a new loaf which had been ordered the night before by the fridge.
Welcome to the internet of things!
It must be important because the Government last week made £45 million available to support UK companies which are developing these so-called "internet of things" technologies.
Source: „Regardless of the hype, the Internet of Things (or whatever you may prefer to call it) will provide significant value to business and consumers, provided suppliers can address real problems.
In the industry, suppliers need to identify problems that the IoT can address - many of which are being addressed as "closed loop" solutions using specific wireless hardware. Payback here can be very fast, from locating things and utilizing them more effectively to improving security and safety. Most implementations exist in islands of automation and the next step - if the problem requires it - is to join some of these systems up.
Source: „My father has always worked with his hands. I was born in the city where he worked as a roofer, but eventually, my dad started his own company and moved the family out to a rural area. Our house had a wood-burning stove in the basement, and in a spark of characteristic pragmatism, my dad brokered a deal to obtain free firewood. He started heating the house with the stove to save money on the electric bill. He made a special room in the basement for firewood and made sure to keep the fire going all day, even waking up once or twice during the night to go downstairs and add a couple more logs.
This went on for years. It never really struck me as unusual
"Now the phenomenon is about to affect the whole economy. A formidable new technology infrastructure — the Internet of Things — is emerging with the potential to push much of economic life to near zero marginal cost over the course of the next two decades. This new technology platform is beginning to connect everything and everyone.
Today more than 11 billion sensors are attached to natural resources, production lines, the electricity grid, logistics networks and recycling flows, and implanted in homes, offices, stores and vehicles, feeding big data into the Internet of Things.
"Why would you buy a new lawnmower is you can borrow it from someone in the neighborhood? Why would you buy a new drill of you can lend one from your neighbor? Dutch websites like Wij delen are facilitating this. Sites like Thuis Afgehaald make it easy to share food with your neighbors are buy a meal from someone in your street. Autopia helps you to share a car within the neighborhood. This is not a small trend. In the US over 80 million people are sharing goods, 23 million in the UK and 10 million in Canade. These figures come from research from Jeremiah Owyang who claims that „sharing is the new buying.”