An interesting study I’d like to commission is the correlation of earnings with Internet connections. I.e. Do those with more connected devices earn more. Anecdotally at least it seems there is a very high correlation. Most of those I know earning 6 figures or more seem to be constantly connected with at least 3 devices.
Also consider how the vast majority of people connect to the Internet. Currently this is via the smartphone.
In a recent project where the City of Melbourne gave every tree an email address they learned that over 60% of the homeless have a smartphone. And it is well documented that the poor in developing nations have a far higher penetration of smarphones than Internet connected computers. Of the almost 3B connections to the Internet, almost 2B are via mobile devices.
This makes some sense, as computers automate more and more processes, scale the amount of information for decision inputs, and connect to lower cost or higher value labour, we amplify the return.
IoT Scales Connections
If this is the case, what does this mean for the Internet of Things? Of rather what does IoT mean for you? Personally?
Personal assets – wearable and mobile technologyThere are a number of areas of opportunity anyone can pursue right now:
- Household assets – automated home & the connected car
- Smart Buildings – office, campus, and residential
- Industrial Internet – machinery, environmental and asset optimisation
- Travel and transport – fleet management and logistics
- Smart city – Traffic flow, lighting, safety and policing, waste disposal, event management
- Utilities and Energy – Energy metering and usage, utility arbitrage
- National – Environmental analysis, population management, migration challenges
There are opportunities throughout every sector from personal to national. Opportunities for connecting devices to the IoT that benefit you directly and for business.
This isn’t just true for technologists.
We need funding models that benefit from these connections, we need to establish legal frameworks. We need educators to teach users and practitioners how to use this technology. Marketers, sales people, recruiters.
The Internet of Things changes the very fabric of society. And that affects every job.
Whatever field you’re in there is a direct correlation to understanding and becoming a practitioner in IoT and financial success.