Thursday, October 20, 2016
What will be the true impact of IoT?
Many have tried, but nobody can tell …
The IoT may significantly affect many aspects of the economy and society, although the full extent of its impacts remains uncertain. As always with new technologies, many observers predict that the growth of the IoT will bring positive benefits through enhanced integration, efficiency, and productivity across many sectors. Significant impacts may also be felt more broadly on economic growth, infrastructure and cities, and of course on individual consumers. However, both policy and technical challenges, including security and privacy issues, might impact the growth and impact of IoT’s innovation.
In a few years, and it’s already happening one step @ a time, the IoT will fundamentally transform the way people and things interact with each other in a real-time and ongoing loop of information. Companies will have to change the way they do business, the shift towards other competences, services & sales channels will be inevitable to stay alive and is the biggest challenge.