The freight train that is the Internet of Things (IoT) is gaining steam. Machina Research expects the global IoT market to more than quadruple between 2014 and 2024, growing from $900 billion to $4.3 trillion. Within the next eight years, Machina estimates there will be 30 billion connected IoT devices; investment in IoT will be upwards of $1.6 trillion.
Safety is undoubtedly the most important concern for the auto industry the world over. That is one of the reasons there is such a focus on investing in autonomous vehicles. Autonomous vehicles eliminate human errors and limitations—slow reaction speed, blind spots, inattention—which are the primary reason for most accidents.
Smarter, cheaper and always-on devices keep us connected. This includes everything from tiny, low-power sensors to video cameras, actuators and industrial machinery. The sensors and microchips that define Internet of Things (IoT) capture, monitor and share myriad types of data. As the numbers of these smart sensors increase, the amount of information they produce explodes.
Next big thing for the Technology Industry is Internet of Everything. The concept is to bring people, process, data and things together to make networking more relevant. This is a great economic opportunity for the businesses to use the information and provide new capabilities and richer experience to their customers.
The fourth generation of wireless mobile networks (4G) or Long Term Evolution (LTE) as it is popularly called, has evolved rapidly to become the fastest growing cellular network technology. With increased adoption of LTE and advancement in the fifth generation of wireless networks (5G), the present day mobile networks have a high speed and throughput. However, the increased throughput should also support increased number of business cases for the service providers to adopt the latest in mobile technology.
Last two decades saw the emergence and evolution of two of the most exciting technologies, Internet and mobile. Internet is becoming more accessible through mobile devices due to evolution of wireless technologies (2G, 3G and now LTE).