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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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  • I've described the IoT as a solution looking for a problem.

     

    While has pointed out that there are smart meters and the like, it isn't something that is taking off at high speed.

     

    As the consumer becomes more aware of security issues, then I suspect the uptake will also reduce.

    Secure systems will be a survivor, but there may still be a backlash.

     

    I recall some time ago being told we wouldn't need a keyboard as we would all talk to our computers.

    I've been guilty of that .... but not in a language that would be considered PC ...

    and it was not the computer but the connection to the world that was the cause.

     

    So I'm afraid I tend to agree about the bubble thing.

     

    Mark

  • in reply to mcb1

    mcb1 wrote:

     

    I recall some time ago being told we wouldn't need a keyboard as we would all talk to our computers.

    I've been guilty of that .... but not in a language that would be considered PC ...

     

    I think we've all been guilty of that. image

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