Are You Ready To Live In The Internet of Things World?
Right now, there are more mobile phones on Earth than people. According to estimations from economists and scientists, by the year 2020, there will be 2.5 billion people using the Internet and will be able to drive $65 trillion in global trade. This means that by 2020, the Internet will be one of the biggest things that gets us our lives running.
But before we get into the nitty-gritty of the whole “Internet of Things”, lets first see what actually it is and how fast is it evolving.
What is Internet of Things?
Actually, the Internet of Things is the whole Internet. Ever since the Internet was invented, it has always been the Internet of Things. Whenever we talked about the internet, we talked about the network of networks that represented different interconnected machines, objects or even assets. These networks either consist of small private companies or startups, or big organizations and governments.
The last decade has been the fastest decade of all times when it comes to technological advancements and the possibilities of the internet. There was a time when the computer was something that only the rich people would use, but no one knew that there would come a day when even a 7 year old kid would be a savvy computer user today.
The internet has made it possible for us to learn things quickly without having to bear sky high costs.
So, to cut the chase, the Internet of Things has always been the whole Internet and what we can benefit, and achieve from it.
We have already seen the whole revolution of the internet in the past decade. In the early 90’s, people would only use the “push” services to using the peer-to-peer connections to get real time information and get hands on data today. There has been a hyper-active increment in the usage of social networking websites like Facebook, Twitter, Tumblr, etc.
So, the next question that we should ask now is, “Where is this taking us”. Are we ready to take our daily decisions and get things done through the Internet of Things?”
Imagine a world where your central heating will stop when your phone is a particular distance away from your home, and starts when it is near it. You can track your sleeping patterns, check your pulse and also your fitness activities throughout the day with the help of these gadgets. Sure, this sounds great but you should also consider things from a privacy point of view.
Imagine what information one would be able to obtain if they hack into one of your devices. That person would literally be able to know all the little details of your life, such as your sleeping patterns, when you hit the gym, what is your heart rate, and more.
Sure that really sends shivers down your spine because there will literally be no privacy among the machines and the humans at that point. If you think practically, you simply can’t identify a potential hacker and their motive behind hacking your central heating when they could be controlling the local power grid.
The question you should ask at that time is, “Am I educated enough to protect myself and my family from those hacks? Am I taking more than the necessary precautions to protect my private identifiable information?”
When it comes to businesses, the whole point of view changes. Businesses should think about the things that are coming, whether they are an opportunity or a potential threat, and whether you will like the outcome or not. Huge successful businesses are all about getting first into the future so that they can get the lion’s share with no competition.
Do you remember the time when businesses would call their office and their land as their asset? Well now their information has become their primary asset. In some ways, those businesses are correct because even if you go out of business tomorrow, you still have information about a lot of people that would potentially make you the next billionaire.
So how do you make your business a huge corporation and take over all with this Internet of Things?
The answer is simple and has always been in front of us: Connect, transform and Reimagine your business models.
That’s the truth. We are transforming into a cyber physical world where nobody is off the grid because the whole world will be the grid.