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TECHTALK: The Dawn of the Internet of Things

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Image via pexels.com

Photo by Mustafa ezz from Pexels

What is the Internet of Things? To some people, the term is perceived as a fleeting tech fad destined to join the likes of 3D TV and the Segway in the annals of history as promising yet disappointing technological inventions with no practical application. And yet for tech giants, futurists, politicians, and forward thinking consumers the world over, the Internet of Things represents a quantum leap in our way of life that is poised to surpass even the Industrial Revolution in its magnitude.

In its purest sense, the Internet of Things (IoT) can be thought of as a robust network of connected devices, constantly monitoring, collecting, and communicating data with one another. Fueled by the steady drumbeat of ever faster Internet connections, falling cost of smart hardware, and sophisticated sensors, the Internet of Things is a natural technological progression that enables connected devices to work for us with minimal manual input. Practically speaking, this means that every electronic device we own from smartphones, refrigerators, lights, thermostats, cars, and so forth has the potential to operate in sync, connected by a cloud network that is constantly watching and learning our way of life and actively working to improve our experiences.

Imagine for instance, a world in which from the moment you wake up, every element of your morning routine is instantly activated; the curtain is drawn automatically, your bathroom mirror gives you an update on the day’s weather and important news, and your coffee maker brews your morning cup of Joe just as you enter the kitchen. When you leave for work, you are driven by your driverless car, which maps out the quickest route as it recites your schedule for the day. And that’s not all. In this world, the very city in which you live is “smart”, meaning that its transportation network, power grids, and healthcare is connected and adopting real-time to our movements and needs, almost certainly managed by varying forms of Artificial Intelligence.

This futuristic reality is far from science fiction. Recent years have seen an explosive growth of first generation smart products, with 10 billion Internet-connected devices already in action as of year 2015. By 2020, this number is expected to grow to 24 billion, with a stunning $6 trillion projected to be spent on exponentially sophisticated IoT solutions in the next five years.

But mind boggling numbers aside, what does the Internet of Things mean for the average consumer? In the following info graphic, we explore the potential applications of the Internet of Things in our

In the following infographic, we explore the potential applications of the Internet of Things in our homes, and see how this radical technology can create value in our personal lives.

Image via GettyImages
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