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Steve Wozniak Believes The Internet of Things Bubble Could Burst

johnbeetem

I just saw this item from Motley Fool:

 

Apple Inc. Co-Founder Steve Wozniak Believes The Internet of Things Bubble Could Burst

 

Here are the "money" quotes:

Speaking at the World Business Forum in Sydney, Australia, Wozniak said, "I feel it's kind of like a bubble, because there is a pace at which human beings can change the way they do things." He pointed out there were "tons of companies starting up," but that some might have overestimated the appeal of connecting everyday objects to the Internet.

 

Wozniak isn't the only one who thinks the IoT market might be getting ahead of itself. At Gigaom's Structure Connect event last October, IBM Vice President of IoT Paul Brody said the market was in "a classic bubble phase," and that most of the data being accumulated on these devices was "useless".

I agree with Woz except that I don't see how the Internet of Digital Things (IDioT) bubble could burst when it hasn't really formed yet as far as real products are concerned.  OTOH, there is a pretty big hype bubble, and that could burst as soon as something else becomes the Next Big Thing.

 

JMO/YMMV

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  • Former Member
    Former Member

    I agree that it's likely to lose focus. A lot of people just don't want or need arbitrary devices connecting to the internet, plus it hasn't really gotten into the consumer space in a major way as yet; still remaining in the domain of electronics enthusiasts.

     

    When I see IoT now, rather than think of seeing devices connected to the internet I'm more and more seeing it as a way of describing a 'smart' device which probably has more appeal and chance of success. Smart devices can increase functionality of a basic device but doesn't necessarily have to be connected to the internet.

     

    Lucie

  • in reply to Former Member

    I am sorry but - despite I follow this phenomenon because it is very interesting also by a social point of view - I agree with him. I think that the market has an incredible needs to create new markets. Just to reflect a bit: where - almost completely ignoring this - the common people use connected components? Today almost where it is really needed. Instead where enthusiasts and - fanatics (?) expect to use? everywhere? But really, for what reason? Are there really technical advantages connecting the raincoat, the dish washer, the home bath, the bicycle, the shoes and the hat to Internet? At the actual date, excluding an insane project of Darpa to control every moment of everyone I think the answer is no. But for next few years it seems that Darpa is busy to keep its robots up and running image

     

    Enrico

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  • in reply to Former Member

    I am sorry but - despite I follow this phenomenon because it is very interesting also by a social point of view - I agree with him. I think that the market has an incredible needs to create new markets. Just to reflect a bit: where - almost completely ignoring this - the common people use connected components? Today almost where it is really needed. Instead where enthusiasts and - fanatics (?) expect to use? everywhere? But really, for what reason? Are there really technical advantages connecting the raincoat, the dish washer, the home bath, the bicycle, the shoes and the hat to Internet? At the actual date, excluding an insane project of Darpa to control every moment of everyone I think the answer is no. But for next few years it seems that Darpa is busy to keep its robots up and running image

     

    Enrico

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