By Alina Galimova, MIB San Francisco
If you have been watching the news lately about technology that may have a great boom in the future, then you’ve probably heard about the Internet of Things.
Cisco forecasted that by the end of 2025, the Internet of Things will be generating $11.1 billion in annual revenue for the world economy and 23 billion by 2020.
You may be wondering what the Internet of Things is and what makes it so important. Imagine an environment where an enormous number of physical objects and smart gadgets integrated into one computerized system and they don’t need to be manipulated by humans, though we are a part of this environment, because those objects in the world of Internet of Things serve needs and desires of people. Nice right? It seems like finally the era of Artificial intelligence and cyborgs has begun. However, while close to the truth, it is not quite accurate.”
The Internet of Things is interesting to us because thanks to this technology physical objects like cars, houses, domestic appliances, and clothes become part of virtual reality and can be controlled for a distance. For users of this technology it is valuable because it helps us to save time, and optimize decision making work shopping, etc. For companies, the Internet of Things is an untapped resource for large savings through automatization of business operations and ultimately will lead to maximizing profits.
Despite the inability to predict how Internet of Things will develop in the future, it is obvious that when physical and virtual worlds merge the consequences will have a huge impact on our computer and network systems, as well as all members of the IT ecosystem giving the rise to emersion of new innovative ideas and startups.