Image enhancement technologies like holograms and 3D have been building in popularity over the past few years, and though neither is new, event marketers have been finding clever new ways to leverage them.
The long-range teleportation barrier has already been broken multiple times, but the information being transported, such as a single quantum bit (qubit), has always been relatively small, and never between two macroscopic objects.
More objects are becoming embedded with sensors and gaining the ability to communicate. The resulting information networks promise to create new business models, improve business processes, and reduce costs and risks.
As a tech memes go, the Internet of Things is getting a bit long in tooth. The idea of internet-connected smart stuff has been heralded for years now. But where exactly are we in the quest to connect all things?
According to Cisco, there are an estimated 1.5 trillion things in the world (no mention of exactly how they counted those things, but let’s go with it) and approximately 8.7 billion, or 0.6%, were connected in 2012. The firm expects a 25% annualized decrease in price to connect between 2012 and 2020 and a matching 25% annualized increase in connectivity. That means we can expect 50 billion connected things by 2020, with 50% of those connections happening in the final three years of the decade.
Fifty billion sounds like a big number, but one could argue Cisco’s forecast is pretty conservative. Of their estimated 1.8 trillion total things in 2020, 50 billion would be a mere 2.7% of the total. Yes, it’s an increase from 2012′s 0.6%—but a fairly modest increase as these things go. Cisco is a big company, and it pays to be careful.
Maybe we can go out on a limb where Cisco can’t. The firm bases its projected annualized growth rate primarily on the decreasing price to connect. But there are other drivers too—the declining price and increasing power of embedded chips, for example. Or rapidly improving “big data” software that makes all that new information useful, and therefore more highly demanded.
In a world of exponential technology, things can move faster than our linear brains can fathom. If the number of connected things grew at twice Cisco’s predicted annualized rate, we’d have 223 billion connected things, or 12% of the total, by 2020. At a little less than quadruple Cisco’s forecast, we’d be talking 1.5 trillion connected things, or 82% of the total, by the end of the decade.
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