It’s no secret that we live in a world where devices, sensors and other “things” are proliferating and producing tremendous amounts of data. Mind boggling facts and studies about the Internet of Things (IoT) pop up every day. They include the following:
- By 2020 the Internet of Things (IoT) – connected devices or “things” emitting data – is expected to reach 26 billion installed units. That’s up from 0.9 billion just five years ago, according to Gartner.
- The worldwide Internet of Things market is predicted to grow to $1.7 trillion by 2020, marking a compound annual growth rate of 16.9%. – IDC Worldwide Internet of Things Forecast, 2015 – 2020.
- Wearable technology vendors shipped 78.1 million wearable devices in 2015, an increase of 171.6% from 2014. Shipment predictions for this year are 111 million, increasing to 215 million in 2019. IDC Worldwide Quarterly Wearable Device Tracker
- 65% of approximately 1,000 global business executives surveyed say they agree organizations that leverage the internet of things will have a significant advantage. Internet of Things Institute 2016 I0T Trends Survey
The Internet of Things is giving us new ways to learn, work, travel, exercise, communicate, and entertain ourselves. It also plays a massive role in the world’s shared economy.
- By 2025, IoT could generate more than $11 trillion a year in economic value through improvements in energy efficiency, public transit, operations management, smart customer relationship management and more. McKinsey Global Institute Report: The Internet of Things: Mapping the value behind the Hype
- The connected health market is predicted to grow to $117B by 2020. Remote patient monitoring is predicted to be a $46 billion market by 2017. ACT Report
- Connected homes will be a major part of the IoT. By 2019, companies will ship 1.9 billion connected home devices, marking an estimated $490 billion in revenue (Business Insider Intelligence). By 2020, even the connected kitchen will contribute at least 15 percent savings in the food and beverage industry, leveraging data analytics. Gartner Research Predicts 2015: The Internet of Things
All of this amazingness will continue to grow and change and boggle our minds. How in the world can we keep up with it all??
To stay up-to-date with the new devices, companies, and platforms that pop up every day, Menlo Technologies recommends listening to podcasts by the following IoT experts.(A great thing to do while commuting in your smart connected car). Each does a great job of capturing all of the latest IoT news and sharing the content that’s essential.
1) The Internet of Things Podcast, Stacey Higginbotham
Tech Journalist Stacey Higginbotham has covered technology since 2001.
“We’re at a pivotal moment in the evolution of human creativity, business creation and productivity gains,” says Stacey.
One of our favorite episodes: Distributed computing comes to the smart home
Subscribe to Stacey’s Newsletter as well.
2) IoT Inc.
The IoT Inc. podcast focuses on conversations with business leaders in IoT. Covering topics like IoT in manufacturing and IoT security, Iot Inc is a resource for managers on the business and enterprise concerns in IoT. IoT Inc is not just a podcast; they provide meet-ups, webinars, and tons of content.
Favorite Episode: Raising the IQ of San Francisco with Pervasive Smart City Networks
3) IoT Time
IoT Time is produced by Ken Briodagh, an editorial director at IoT Evolution. IoT time is a shorter podcast at about 30 minutes, however Ken makes good use of time providing quality conversations with leaders in IoT. In the podcast you can find conversations such as Intel on Security and Autodesk on the IoT design.
Favorite Episode: The Ethics of Data
Subscribe to this Podcast for the latest news, plus deeper dives into IoT-enabling tech, interviews with people driving the IoT, mHealth, privacy and other societal implications, and more.
Host Michael Wolf explores the smart home universe with interviews with smart home leaders, analysis of the latest smart home news and the occasional Q&A and product review.
Favorite Episode: Analyzing The Smart Home Landscape With Nate Williams of August
Looking for even more of the latest input on IoT?
We’ll be talking about Microsoft Azure’s IoT Suite in a future blog post.