The Internet of Things Is Changing the World

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For each of my 25 years here, we've worked to stay ahead of technology. This article is why we've tried to have technology, specifically Kurt Cavano, on the agenda of our Annual Conference every year. He's talked about the 'Internet of Things' to us for years. This is a good article and a great introduction to the impact of IOT on our lives and our businesses.

The Internet of Things Is Changing the World
BLOOMBERG NEWS, By Irving Wladawsky-Berger, Jan 10, 2020

The Internet of Things has been a long time coming. Ubiquitous or pervasive computing, which is computing happening anytime and anywhere, dates to the 1990s, when devices and wireless networks were nowhere near where they are today.

The transformation brought by connected devices is about to go into overdrive, the Economist says in a recent issue: “One forecast is that by 2035 the world will have a trillion connected computers, built into everything from food packaging to bridges and clothes.”

IoT promises to bring many benefits, including a new generation of smart, connected products. In addition to mechanical and electrical components, these products use digital components such as microprocessors, sensors, data storage, software, and connectivity in a variety of ways.

As the world’s digital and physical infrastructures converge, digital technologies are being designed into all kinds of consumer and industrial products. Internet-connected smart doorbells, for example, include motion sensors and video cameras that notify a homeowner when someone arrives at the door. Using a smartphone app, the homeowner can watch and talk to the visitor, while a video of their interaction is saved for an added level of security.

“The magic of computers is that they provide in a machine an ability—to calculate, to process information, to decide—that used to be the sole preserve of biological brains,” writes the Economist. “The IoT foresees a world in which this magic becomes ubiquitous. Countless tiny chips will be woven into buildings, cities, clothes and human bodies, all linked by the internet…the IoT aims to do for information what electricity did for energy.” Read More