This week's The Economist has a great summary on Physical World Connection, or the "Internet of Things", called "When Everything Connects".
The ability for devices (more than PCs and mobile phones) to connect (or have the ability to connect to the Net) will offer some exciting applications. The ability for individuals and corporations to connect/interact via the Net, created new multibillion dollar companies/industries (Google, eBay, Amazon, YouTube). This also allowed economies to become so much more efficient.
What industries and companies will be created when any type of device can connect to the Internet? How efficient will this make an economy?
Phase 2 of the Internet, when physical objects can be connected to tne Net, using a Physical World Hyperlink, offers some exciting times ahead.
Why do I think The Next Google or Next Microsoft is this application? Google is so successful because they offer the ability to find anything on the Internet which consists of billions of websites. Imagine that same function to find OR control any device connected to the Net.
So far the mobile phone has been getting all the attention. Around 2.8 billion are already in use, with a further 1.6m being added every day. The phones themselves are improving at a cracking pace. Yet this boom is also spilling over into other areas of wireless communications, used for linking machines, sensors and objects.
Everybody talks about the emerging markets being the big opportunity for the cellular industry in the next few years, but in the longer run there are going to be a lot more devices talking to each other,” says Paul Jacobs, the boss of Qualcomm, which makes mobile-phone chips.
The phenomenon “could well dwarf previous milestones in the information revolution”, according to a 2001 report entitled “Embedded, Everywhere” by America's National Research Council.
In the years ahead new wireless technologies will appear in a plethora of devices, much as computer chips did in the second half of the 20th century