The Internet of Things Will Lead Us into a New Industrial Revolution (VIDEO)

Economic theorist and author Jeremy Rifkin explains the importance of the Internet of Things and how it will result in a new industrial revolution.

According to Rifkin, the 100 trillion sensors expected for 2030 will change the way business is done and turn consumers into prosumers. He gives quite a few examples of where all those sensors can be found and what can be done with it. The lateral neural network required for so many sensors will be based on three operating engines: the communication Internet, the energy Internet and the logistics Internet. The Internet of Things will impact many aspects of our lives, including capitalism and our economic systems.