Dumb Devices Get A Brain
As far as what can be done with non-traditional networking technology, the sky is the limit, says Hope. Take refrigerators. Far from the Coolerators of the 1930s, modern refrigerators are already able to track inventory and alert consumers when certain food items are running low.
Read more: The Rise of IoT and Security Issues
Soon, refrigerators will be able to compile shopping lists. These lists will be, at the owner’s discretion, able to be sent to the grocery store, automatically placing an order. With the coming widespread adoption of self-driving cars and delivery vehicles, the grocery store will then deliver the groceries directly to the customer’s house. While many may see such a scheme as far-fetched, Jason Hope notes that, already, there are grocery stores which provide these services. But with driverless cars, Hope sees the costs of delivery going through the floor. The single largest component of delivery cost has long been the drivers themselves. This increased level of automation will make daily living easier and more leisurely than at any previous time.
The mobile market maestro has predicted that, by 2020, there will have been $6 trillion dollars invested in the new technologies broadly termed the Internet of Things. This represents one of the hottest opportunities for innovators and those looking for a field in which being first to market with a revolutionary product is still possible.