How the Internet of Things Is Changing Everything
When it comes to the Internet of things (IoT), the numbers are staggering: By 2020, the number of connected devices is expected to double to 50 billion, according to industry research. More than two out of five enterprises are either currently leveraging IoT technologies or plan to do so this year. Overall, the economic impact of the IoT will amount to at least $14 trillion by 2025—if not more than double that. But, beyond the numbers, there's the sheer amount of positive influence that the IoT is building within organizations and in society overall, as 83 percent of industry, academic, consulting and other experts say the IoT will have a "widespread and beneficial" impact for the indefinite future. In the recent book, The Internet of Things (MIT Press/available now), author Samuel Greengard provides a thorough, thought-provoking overview of the IoT with respect to its potential to literally change the world. No industry appears out of reach here, as connected machines are creating greater efficiencies and saving costs in industries as wide-ranging as transportation, manufacturing, health care, retail and agriculture. For a glimpse of both current and near-future developments in the IoT, we've included the following examples from the book. Greengard, who has been writing about technology and business for many years, is a contributing writer to Baseline.