If you’re a frequent visitor on our blog, chances are you’ve read our recent analysis of the impact of IoT (Internet of Things) in the foreseeable future. And if the Privacy Panic Cycle is indeed about to be renewed, it’s probably a good idea to stay informed about the next wave of intimidating technologies.
So what exactly is the Internet of Things? Harbor Research in cooperation with Postscapes decided to answer this question once and for all using the best way you can convey information – an infographic.
In it, you will learn about sensors, connectivity, people and processes and their interaction, to create unprecedented applications and services, like devices that remotely turn on and off appliances in your house (from running a hot tub to opening the garage door), tracking a rented car using your smartphone, looking after your health with a wearable device, or even entire smart cities.
As the infographic shows, things get really interesting when all these applications start talking to one another, creating compound applications within their own verticals and across industries. You’ll also learn how large the IoT market is and how to monetize it, what are the industries that promise extensive use of these applications, and much more. By 2020, the IoT market is estimated to be worth $1 trillion, making it one of the fastest growing markets in the history of… well, history.