It is widely acknowledged that the Internet of Things (IoT) will have a huge impact on nearly every industry, and financial services is no exception. Gartner estimates that connected devices will reach an installed base of 25 billion units by 2020, with an annual compound growth rate of 35.2 percent from 2013-2020.
Smart phones can do a lot of things these days. They can start the toaster in the morning or turn off a house's heat. When connecting anything to the internet, it can make it more functional, but also more vulnerable. This is part of the reason branches of the U.S. military have not been early adopters when it comes to the so-called "Internet of Things."
Everybody is trying to catch the emerging Internet of Things wave that will connect billions of previously unconnected devices. The estimated $19 trillion IoT opportunity not only has IT leaders like AWS, Cisco, IBM and Google licking their lips, but also some innovative IoT startups such as Bastille, IFTT and Davra Networks who are focusing on a variety of solutions around areas like data analytics and security.
American designer, innovator and anti-surveillance specialist Adam Harvey believes that the media access control (MAC) address, by which devices are commonly identified on a network, represent a significant privacy weak point that will get more serious as the Internet of Things (IoT) takes off.
As we know IoT is a limitless technology (which has no end) and can be seen in every part of life. We are surrounded by things connected to Internet and cannot imagine a day without them. As we are getting more and more addict to these Internet of Things devices and often interested in technologies which we can carry with us. Imagine how wonderful it will be to see fashionable wearable IoT products in the market. IoT dresses which you can wear, clothes which tell people about your mood, clothes which connect to your electronic devices such as smartphones, tablets and even microwaves.
Shawn DuBravac, Ph.D.
Chief Economist, Consumer Electronics Association (CEA); New York Times Best-Selling Author, “Digital Destiny: How the New Age of Data Will Transform the Way We Work, Live, and Communicate”
Carlo Ratti, Ph.D.
Director, MIT SENSEable City Lab and designer of the Future Food District at the 2015 Milan Expo
SEOUL, Nov. 8 (Yonhap) — The number of South Korean subscribers to Internet of Things (IoT) networks has exceeded the 4 million mark, buoyed by a jump in wearable device users, government data showed Sunday.
As of end-September, the number of IoT subscribers reached 4.08 million, compared with 3.96 million two months earlier, according to the data by the Ministry of Science, ICT and Future Planning.
Chinese experts are eager to be part of connecting the 'Internet of things', according to director general of the Information Satellite Systems Nikolay Testoedov.
Russian and Chinese experts are discussing the possibility of creating a global low earth orbit (LEO) satellite system called the Star of Happiness, director general of the Information Satellite Systems Nikolay Testoedov told RIA Novosti Sunday.
Smart cars, smart homes, smart devices… embedded intelligence has changed the way we live and redefined industry methodologies around the world. Connecting and empowering these devices puts skyrocketing stress on the IT teams that manage data centers.
Nairobi's traffic was ranked the fourth most painful experience among the 20 global cities surveyed in the IBM Commuter Pain Index four years ago. The survey measured commuter frustration in the sampled cities including New Delhi, Moscow, Beijing and Paris. In another study, the Kenyan Government estimates costs the country Sh50 million everyday due to traffic congestion in Nairobi.
When telephones let the entire human race talk to each other, phone companies became very big and very rich. When the Internet let millions of computers talk to each other, Internet companies became very big and very rich.
And now, all the human-made objects on earth — our cars, appliances, plumbing, even our clothes — are learning to talk to each other. The companies that build out this immense, global “Internet of Things” will become some of the biggest and richest yet. And it’s just possible that one of these companies will be Boston’s LogMeIn Inc.
Two years ago the Illinois Technology Association thought it might be a good idea to get some experts together so its members could learn more about the so-called Internet of Things. It rented a law-firm conference room, and about 100 people signed up to attend.
Attendance has doubled each year since, with about 400 expected Nov. 16–17 for the third annual ITA Internet of Things Summit at Venue Six10.
The event has also expanded from one day to two. The second day will feature presentations from about 30 companies, organizers said.