Have you entered the Internet of Things yet?
If you have a FitBit or other activity tracker that talks to your smartphone, you have. If you have a thermostat, alarm system, or lights in your home that you can control with your computer or phone, you have.
But even if you haven’t got one of those devices yet, I’m betting you will within the next 3–5 years.
And I’m not making that prediction based on how useful or cool the current Internet of Things products are right now, but rather based on the fact that I believe the Internet of Things is going to change business at a fundamental level.
I believe there are three key ways in which the Internet of Things will change every business:
- It will allow companies to make smarter products.
It used to be that we only expected our phones to be able to make phone calls. Today, most consumers expect a lot more from the device they carry in their pocket. So, while it might seem strange or unnecessary at first glance to have a smart tennis racket, an internet-enabled frying pan, or a smart yoga mat, these are just the first forays into the world of the Internet of Things.Read more