How BIG Is the Internet Of Things Data Market?

This is Dystopia at its finest! The Internet of things data explosion, tells us like it is…”smart whatever” is meant to extract from us information that is sold to manufacturers to create even more smart devices spying on us, and so on…

Do you see the paradox here? The market thrives as we lose more and more our freedoms! People are fond or high-tech gadgets that enslave them further — indirectly or not. That is what ultimately monetarism is for because the material will always be a monstrous trap.

Money is now squeezing and sucking life out of everything, we are about to reach the last frontier… and the event horizon that follows.

Such a view may be difficult to accept, but anybody looking at the last 100 years can see the progression and that this aftermath was bound to unfold that way.

… the next 2 years will be very crucial.

Thank you for being part of the only solution: Voluntarysim

Reality Is Fake And So Is Materialism | Tuesday, January 8, 2019   https://earthcustodians.net/blog/2019/01/08/reality-is-fake-and-so-is-materialism-lessons-in-metaphysics/

The Internet of Things Data Explosion: How Big Is the IoT Data Market?

A decade ago, it likely seemed unthinkable that our refrigerators could tell us when we were running low on milk, our doorbells could record our visitors, and our audio speaker system could also “accidentally” order toys online. And yet, here we are in the era of the “Internet of Things”, sometimes abbreviated as IoT, where these sorts of devices have exploded in popularity and are literally everywhere.

The Internet of Things typically refers to adding network connectivity to everyday objects or devices that previously were not internet-enabled. As Tony Fadell, founder IoT trailblazing company Nest commented, a hallmark of the Internet of Things space is to work on “unloved” and sometimes “utilitarian” devices (think smoke detectors, doorbells, and other sensors) and add never-before-possible functionality via network connectivity.

And while consumer IoT has received a lot of attention with the prevalence of smart speakers, televisions, and household appliances, the Internet of Things has also arrived at the enterprise as companies are using the internet to track expensive assets and optimize logistics and manufacturing.

The growth of Internet of Things in terms of number of devices, revenue generated, and data produced has been stunning, but most predictions expect that growth to accelerate. The number of connected devices is expected to grow to 50 billion in 2020 (from 8.7 billion in 2012) and the annual revenue from IoT sales is forecast to hit $1.6 trillion by 2025 (from just $200 billion today).

But perhaps most notable of all, the amount of data produced by Internet of Things is expected to reach 4.4 zettabytes by 2020, from just 0.1 zettabytes in 2013.

Before diving into the data, it’s worth spending a moment clarifying what we consider to be an Internet of Things device, and what isn’t. In this report, we adopt the definition that IoT devices are ones that were traditionally not connected to the internet (“dumb” devices), but are now network connected, enabling a new set of applications.’

Read more:
https://priceonomics.com/the-iot-data-explosion-how-big-is-the-iot-data/

 

Follow And Support Earth Custodians On Medium.com

https://medium.com/@manasearthcustodian

Leave a Reply

Your email address will not be published.Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.