McKinsey suggests that the worldwide number of Internet-of-Things or IoT-connected devices is projected to increase to 43 billion by 2023, an almost threefold increase from 2018.
Recently, my 15-year-old nephew was talking about the Internet of Things and I was pleasantly surprised. Other than super techies, something that my nephew is not, kids that age are more interested in using stuff rather than thinking about how it works. He was talking about Tesla and then went on to autonomous cars and whether they would work in India given the challenges we face regarding the absolute lack of any rules and certainties on the road. Of course, no conversation can be complete without Alexa and the ability to turn the lights on and off by shouting for it, how the fridge will order your groceries and that app that turns your AC on and off from the car before you get home. I started wondering how much people think of IoT beyond these usual suspects? Do they realize how this technology is going to transform, literally, everything?