What happens if someone manages to hack into one of these building automation devices and gains control over the locks of a building? What about if they are able to gain access to automatically update logs about what actions the device performs and the time of day in which they occur? As you can see, this could pose a serious threat.
The evolving Internet of Things (IoT) sector within the Asia-Pacific region will continue its rapid expansion, with the number of units connected to increase from 3.1 billion today to 8.6 billion by 2020, according to the latest market study by International Data Corporation (IDC).
Today, the vending machine industry is a global phenomenon, and it is now part of the growing Internet of Things (IoT) connected device market opportunity. There are more than 17 million vending machines worldwide. The world's vending operators have either installed or are now considering adding Internet connectivity.
Smart phones and watches were just the beginning, and now kitchen appliances, thermostats, and even baby onesies are being created with sensors that can relay information via an app or through email. All this is meant to improve the quality for life for consumers, but it also adds up to new marketing opportunities.
From fitness wearables to smart refrigerators, we are gradually integrating our entire lives onto the web and the massive grid of interconnected devices. Where are we headed? Predictions point towards a future where devices will become our “digital shadows,” a reflection of everything we are, and even hope to be. The question is: is that a good or bad thing? And does it even matter?
In the coming years, the deluge of data from internet connected sensors and other devices will be significant. The revenues generated from integrating, storing, analyzing, and presenting Internet of Things (IoT) data will reach $5.7 billion in 2015, according the the latest global market study by ABI Research.
If there is one thing that is dramatically clear from this week’s Consumer Electronics Show in Las Vegas, it is that the future is definitely not about mobile. Or smart televisions. Or super slim digital cameras. Instead of these mainstream consumer gadgets, the products getting attention this week are wildly diverse, from wifi enabled “smart kettles” to “selfie hair brushes” to mood tracking wrist straps. Amidst the silliness of sometimes overly quirky products, though, is a quantifiable consumer electronics trend that is poised to eclipse the “Internet of things” and offer a huge opportunity to marketers paying attention.
The Internet has had a profound impact on the Global Networked Economy during the last year, with more changes still to come -- as applications expand and evolve. International Data Corporation (IDC) has shared its worldwide Internet of Things (IoT) predictions for 2015.
There are two basic groups of Internet of Things use cases. One is centered around enterprises and entrepreneurs looking to invent new IoT products or services, and the other focused on those looking to optimize their operations. And the truth is that many of our clients, the businesses who stand to gain or lose the most based on their IoT strategy, represent both roles. They are inventors, and they are operators as well.