Internet of Things (IoT) - Part 6 (Our Future)

Before reading this article, I highly recommend reading the following previous parts of the series:

Internet of Things (IoT) - Part 1 (Introduction)
 
Topic Covered
  • Our future with IoT.

Before describing what our future with the IoT will be, let’s have an understanding of the growth in technology with the technology road map in the figure "IoT Technology Roadmap".

IoT Technology Roadmap
Figure: IoT Technology Roadmap

From this graph we can see the massive advancement in technology since the year 2000 until now with still more to go in the future.

Back in 2000 we had RFID tags for identifying objects and facilitating routing. Then came surveillance, security, healthcare, transport management. We are now living at a time where we can locate people and everyday objects. And in the near future we are about to experience the essence of teleoperation and telepresence!

That is how lives will be. With the rapid advancement in technology we can take care of our near and dear ones, our possessions even from another corner of the world. Everything will become connected!

Let’s look at the graph in the Figure "IoT – Explosion of Connected Possibility" for the explosion of connected possibilities and hence a number of new job openings!

Explosion of Connected Possibility
Figure: IoT – Explosion of Connected Possibility

The number of devices that will be connected are very many hence leading to new job and research scopes.

Let’s look at some of the major IoT giants 2020 predictions:

  • By 2020, 20% of the computers will learn not only to process but also work and manage things like humans.

  • By 2017, 65% of data center capacity will be private.

  • Companies will compete across industry borders, which means companies will compete with their rivals outside industries as well.

  • By 2020, around 50 billion devices will be connected.

  • Supply chain will be revolutionized by 3D printing.

We have seen the economic impact from Part 1 of this series itself. To have a look click here.

Let’s watch this video from IoT Asia to see how IoT is enhancing our lives.

Hence, we can see that IoT has enormous potential and will highly influence us in the near future.

That’s all for this series. I hope this series was helpful and you enjoyed reading!

P.S.: This article is also published on my blog.