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The Internet of Things

TheInternetOfThingsSoon, up to a trillion computing devices will be embedded in everything from toasters, lightbulbs and bicycles to factory tools will converging into a vast global network that will fuel exponential change in business model innovation. The physical world is becoming smart and becoming connected, creating a new generation of ambient computing.

Don Tapscott explains the drivers behind the Internet of things and outlines 9 areas of opportunity.

  1. Intelligent Buildings
  2. Interactive Marketing
  3. Intelligent Traffic Management Systems
  4. Home Automation
  5. Waste Management Systems
  6. Healthcare
  7. Energy Management
  8. Smart Water Systems and Meters
  9. Industrial Applications

He also discusses how four principles of the open world need to be applied to the evolution of the Internet of Things for it to achieve its objectives.