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Internet of Things
Forum Steve Wozniak Believes The Internet of Things Bubble Could Burst
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Related

Steve Wozniak Believes The Internet of Things Bubble Could Burst

johnbeetem
johnbeetem over 10 years ago

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 over 10 years ago +3
    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;…
  • johnbeetem
    johnbeetem over 10 years ago in reply to mcb1 +3
    mcb1 wrote: I've described the IoT as a solution looking for a problem. That's precisely what it is. I was at the ARM TechCon keynote a couple years ago when ARM introduced IoT. The problem it's…
  • DAB
    DAB over 10 years ago +3
    To me the Iot mostly falls into the category of yes we can, but we really should not. Now for disabled people or people at risk, I can see how keeping tabs on everything they are doing would be needed…
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  • Former Member
    Former Member over 10 years ago

    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

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  • shabaz
    shabaz over 10 years ago in reply to Former Member

    Hi Lucie,

     

    You're right, and a lot of people automatically think IoT = consumer IoT. Yet in other industries, IoT clearly already has significant value today, a proof-point being that people have put a lot of money on the table for massive deployments - for example multiple millions of nodes deployments are real in the smart meter space. Systems are being developed to handle tens of millions to billions of devices. Eventually that technology could be useful for the killer-apps for consumers as they get invented, but we won't get there quickly without the enthusiasts (which many of us are hopefully) coming up with ideas and innovating..

     

    EDIT:

    Also another thing which is interesting is that many people assume that an Internet connected device is accessible by everyone, but secure VPNs over the Internet are real too, and are trusted by financial orgs, banks etc and other businesses too.

    In the IoT space we need ways to securely deploy these, manage and configure them in huge quantities for massive deployments, but these are problems being solved in many solutions out there too. There are plenty of 'wild west' IoT type solutions out there too, which should be avoided - we can do some things like help others by pointing out the flaws - e.g. for the bad kickstarter projects out there : )

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  • Problemchild
    Problemchild over 10 years ago in reply to shabaz

    I would agree and probably go as far as to say that industrial/commercial IOT has much much more scope than IOT in the home.

    The home is less regular more complex  more expensive to design for and generally lower value solutions so I'm sure the industrial stuff will come out first and be successful. The home stuff is really a way of describing what IOT is about to Joe public who understands much more about counting the number of strawberries in the fridge than an industrial process. It doesn't mean that strawberry counting is the Killer App for IOT image

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  • shabaz
    shabaz over 10 years ago in reply to Problemchild

    Hi John,

     

    Also, not every industrial/commercial customer will make a public announcement, so some deployments won't be reported. Some of the 'things' in IoT that have been already deployed have been oil wells, for better information gathering from oil fields, so each deployed node for an oil company could potentially have huge revenue impact whether that is through better efficiency, reliability or more useful or more timely data collected might not be reported.

    As engineers, there are other benefits for us - IoT empowers us as engineers - we all have access to cloud platforms, low-cost processors and sensors, easy prototyping tools and it is very impressive that a (relatively) tiny handful of components can become part of cost-effective, reliable IoT solutions if the solution is engineered with reliability, redundancy etc. The low part count and low cost makes it much easier for us to have an impact with our prototyped ideas too. The change has been so quick - just looking at wireless alone, it would still be a major project to build (say) a decent superhet broadcast receiver, but a digital radio for data can now be built with perhaps a dozen components and no adjustments at all.

    And we have easy ways to build and test our experimental or real solutions using DSL or 4G/LTE, plenty of cloud platforms to choose from, etc...

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  • johnbeetem
    johnbeetem over 10 years ago in reply to shabaz

    shabaz wrote:

     

    Yet in other industries, IoT clearly already has significant value today, a proof-point being that people have put a lot of money on the table for massive deployments - for example multiple millions of nodes deployments are real in the smart meter space. Systems are being developed to handle tens of millions to billions of devices.

    I think this gets into the question of defining what "Internet of Digital Things" (IDioT) really means.  shabaz has given some excellent examples of industrial products that are usefully networked, but many of these pre-date IDioT and would have been created without the IDioT hype.  They probably benefit (or will benefit) from low-cost chips that target consumer IDioT, though industrial applications usually require industrial temperature specs which the consumer chips may not have.

     

    But the question is whether those applications are truly examples of IDioT devices, and is it appropriate to count them as IDioT successes?  Or are they only called IDioT devices so that companies can join the IDioT hype, like Alec Guinness' "atomic" vacuum cleaner in Our Man in Havana (1959)?  Has Dilbert had any IDioT cartoons where the bullet-headed CEO insists that all the company's products are now IDioT?

     

    Personally, I like the definition of IDioT used in the Motley Fool article: "connecting everyday objects to the Internet".  In fact, I might go a bit further: "IDioT means connecting to the Internet everyday objects that have no business whatsoever being connected to the Internet." image  (Thank you Ambrose Bierce for the inspiration!)

     

    JMO/YMMV

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  • Problemchild
    Problemchild over 10 years ago in reply to shabaz

    Yeah these high value environments are ripe for IOT implementation after all you could just use Phone tech to get your data on to say LTE and not worry about the cost of access because the value of what you are doing is so high.

     

    IOt will creep in through the back door as it were since the household front door has neither the need or the budget for many of the features offered  with today's tech and pricepoints

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  • mcb1
    mcb1 over 10 years ago in reply to Problemchild

    "IOt will creep in through the back door as it were since the household front door

    has little or no security" ... would be a more accurate statement.

     

    Look at smart TV's.

     

    I tend to agree with John, that there are dedicated 'industrial' devices passing specific data and they are not really part of this IoT.

    Their principle is the same, but they are there to replace what used to be manual collection of the data.

     

    If it were truly a smart meter, it would be signalling you the consumer that now is the time to turn up the heater, use more power because its cheap ...

     

    Mark

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  • balearicdynamics
    balearicdynamics over 10 years ago in reply to mcb1

    Thinking to IoT, IDIoT and securiy it seems impossible the the problems related to privacy, unsecure access, digital violaton of the individual rights andvso on were not considered before. now that IoT is coming to be a sort of social phenomenon, now that there is a growing push of this to the large audience of the users (and consumers) this problem arises, almost only in the restricted pool of technicians, specialists, makers (bleah...).

    why?  because it is impossible. the scrnario of this new matket is a deja-vu of many others. there is not an organised plan for a serious devrlipment of a new innovative technology. therr are the well known steps of a "solution before the problem":

    found the solution first step is to cerate the needs.

    then start selling the solution as-is

    then leave secondary problems (sevurity is one) emerging

    sell again the same solution version 2

    then new problem

    and so on... in the meantime the attention of the users is high and growing...

    and for some years the market is granted...

    frankly this mechanism has nothing so bad inside itself. the real problems is the the effective options of progress and technology growing are masked. my vision is that the real damage of this methods slow down the evolution..

     

    Enrico

     

    (note: I have already replayed to this post by email - as suggested in the email bottom when I received from E14 - but now I see that the post is not present here. Does someone meet the same problem? Or am I posting twice the same tesxt?)

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  • Problemchild
    Problemchild over 10 years ago in reply to mcb1

    Yeah A typical developer led project would not consider security hardly at all because the functionality is cool and security rarely so.

    Also it's thankless because you can demonstrate features but it's hard and often a case of "negative" selling if you state that your system is more secure than system "XYZ". Any way this leads to environments where security holes are legion which is particularly bad for IOT as there ubiquitous nature and exposure both physical and in terms of the network means they are an easy and well frequented target!

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  • Problemchild
    Problemchild over 10 years ago in reply to mcb1

    Yeah A typical developer led project would not consider security hardly at all because the functionality is cool and security rarely so.

    Also it's thankless because you can demonstrate features but it's hard and often a case of "negative" selling if you state that your system is more secure than system "XYZ". Any way this leads to environments where security holes are legion which is particularly bad for IOT as there ubiquitous nature and exposure both physical and in terms of the network means they are an easy and well frequented target!

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