Is IoT the Next Industrial Revolution?

Depends on how you define Internet of Things!

Broadly defined, “smart devices” in business and the home will be a large market that likely causes disruption to many of our present day activities and use cases.

IoT often includes the category of “automation”. Automation is coming at us very fast and will soon show up in places you may not be expecting (retailers, restaurants, for example). Automation will impact and replace existing job categories. To the extent this frees up labor to work at activities that add more value, this is good. But this will require training and re-training and the upheaval may have undesirable effects for many.

Right now, IoT is in the “mania” phase where anything is imaginable and anything is possible. The “market” will eventually sort out what is desirable and needed and many of today’s hyped applications may simply vanish.

Is IoT the Next Industrial Revolution? Potentially yes! What ever shape IoT takes in the years to come, IoT will have large impacts on all of us.

Source: IoT Ecosystem – Internet of Things Predictions & Business Potential – Business Insider

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