In our upcoming report we talk about the tipping point for the Internet of things. In this post we try to make the tipping point more tangible. We align ourselves with the 21 sectorial studies that The Industrial College of the Armed Forces, national Defense University, Fort Mcnair, Washington D.C. published in spring 2012. Their Final Report: Information and Communications Industry study on the IT sector, which discusses the corresponding business opportunities, places the Internet of Things on the following timeline:
0–18 months from spring 2012 on — this period now lies behind us
The focus is on mobile computing, and we will see an explosion of smartphones and tablets. Privacy and security remain tricky issues, especially in the context of cyber security and legislation. This has proven to be correct, including all commotion around covert operations by secret services like the NSA.
18–36 months from spring 2012 on — that is the coming months
Internet connectivity is spreading fast across the economy. Already in 2008, there were more digital things than people connected to the Internet. Mobile devices assume the function of intermediary between the Internet and the expanding development of things and services.
There is no reason to doubt this development, at least for the coming twelve months. In 2008, there were already more digital things than people connected to the Internet. Indeed we see mobile devices assuming the function of intermediary between the current Internet and the expanding development of things. To elaborate on this, in the following section we shall cover various enthusiastic prognoses articulated by a number of leading market parties.
3–5 years after spring 2012 — from 2015 onward
The development of the Internet of Things will accelerate. In particular autonomous machine-to-machine communication is assumed to evolve rapidly. The so-called Smart Grid (efficient energy supply via feedback loops) will further develop, and Internet connectivity is becoming increasingly “ubiquitous” and “pervasive” in the cyber-physical world of people, things, services, apps and websites.
More on SMACT and the business opportunities of Things in our new report THINGS: Internet of Business Opportunities that deals with the THINGS tipping point. Connected things offer new opportunities to combat waste in the broadest sense of the term. This waste occurs among all parties: clients, suppliers, governmental bodies, service providers and the manufacturing industry. The report by VINT offers an overview of recent developments and tips to accelerate your THINGS approach.
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