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.”
Source: „The Internet is the pulse engine of today's economy, requiring gear at billions of junctions interconnected by millions of miles of fiber cable and wireless technology. It's continuously under construction, growing larger and more complex, with trillions of data "packets" — bursts of digital information — delivered daily.
Diverse companies hustle to develop and re-invent the equipment and programs needed to manage this massive flow of data. Smart homes, smart cars and the number of mobile devices are rising by more than 500 million units last year to 7 billion worldwide.
Source: "About 8.7bn connected objects existed worldwide at the end of 2012, and that figure will surpass 50bn by 2020, according to networking equipment maker Cisco. A new infographic goes further to take a closer look at this internet of things. The infographic published by SolidWorks on Visual.ly begins by charting some examples of current internet of things technology, such as Google Glass and Smart Belly Trash Can. Next, a timeline maps key moments in the internet of things, with the creation of the first electronic communication devices in the 1800s to the launch of chip giant Intel's 'Internet of Things Solutions Group'."
Source: „The hottest transition going on in the industry today is the internet of things, the internet of everything, says John Chambers, CEO of Cisco. “A year ago I would have to buy people drinks to get them to understand how important it is that everything has become IP,” including 4G, he says. “Just a couple of weeks ago at the World Economic Forum it was forefront in how it can change the economies and directions.” Chambers — speaking at Mobile World Congress in Barcelona in February — proceeds to namedrop a list of world leaders he was talking to at the annual Davos
The four presentations touched upon the key issues that we are facing today. The atmosphere in the Meetups resembles that of the old guilds in the sense that it is not about the quantity, but the quality of the people. This quality is tied to having a set of skills and expertise that is always partial. The main characteristic of the attentdants then apart from feeling confident in some aspect of IoT is a deep curiosity and longing to share ideas and what is more important: worries, questions and hesitations.
Source: „A recent boom in partnerships between automotive and technology companies shows how many industries agree that collaboration is the way of doing business in the third era of the internet.
Proof of this trend can be seen in the recent boom of partnerships between automotive technology and information technology companies. GM, BMW, Volvo and Honda are linking up with the likes of Apple, IBM and Google.
The industry has realised that their existing 'plumbing' can be used to grow and innovate in partnership with technology firms.
Source: "A major challenge implementing the Internet of Things (IoT) is deploying large numbers of sensor and actuator nodes and connecting them in a suitable way. The characteristics of energy-harvesting wireless technology make it the perfect fit to bridge the last mile in an IoT network: small devices working without cables and batteries allowing a simple installation as well as quite easy gradual up-scaling in the number of deployed units. At the same time, the components require minimal service and maintenance effort.
But wireless and self-powered communication of the numerous nodes is just one building block for a wide adoption
Source: "You've likely seen glimpses of this concept in movies and TV shows.
Science fiction promises houses that will take care of you, instead of the other way around. Product designers have finally started to deliver on this vision of the future, and it seems that Google wants to help lead the way.
The Internet of Things involves the ability of home appliances to "talk" to each other.
There are already Philips light bulbs, Audi cars, and Samsung laundry machines that can communicate with smart phones, so why can't they make the next leap and talk directly to each other?"