The next gold rush - IoT (internet of things)

[sija1]

I did a search on the forum and found no discussions about this so I think it might be worthy to create a thread. I am talking about Internet of Things. It is a proposed development of the Internet in which everyday objects have network connectivity, allowing them to send and receive data.

The following quotes are from the article http://www.forbes.com/sites/gartner...net-of-things-and-the-enterprise-opportunity/

"The world will see 25 billion Internet-connected things by 2020, and Gartner estimates that the IoT will produce close to $2 trillion of economic benefit globally. These things are not general purpose devices such as smartphones and PCs, but dedicated objects, such as vending machines, jet engines, connected soap dispensers and a myriad of other examples."

"Currently, IoT technologies — and business models that utilize IoT — are immature. Despite this immaturity, there are already sporadic examples of existing and planned uses across a wide range of industries. Enterprises will need to make plans and preparations now or risk being left behind by their faster-moving competitors."

It is going to be the next gold rush in the techno world, similar to the mobile app gold rush. I agree with the article that these IoT technologies are still immature, but like with every new techno they will make their way in our lives pretty quickly.

An example of an object having Internet connection:
http://www.samsung.com/us/appliances/refrigerators/RF28HMELBSR/AA

Google and Apple already have their IoT developer tools:
https://cloud.google.com/solutions/iot/

 

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[7.62x51]

I've heard a lot about this. Read a few articles on why it's important but I'm just not seeing it.

 

[Tony Tony]

This is one of the big reasons everything went from IPV4 to IPV6 a few years back. With IPV6 there is something like 26000 IP addresses per person on earth. Basically unlimited for things like Internet of Things.

Sent from my SM-N910W8 using Tapatalk

 

[eekern]

http://www.amazon.com/b/?node=10667898011&lo=digital-text

 

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[Bouncing Soul]

IMO- the biggest current opportunity in this emerging megatrend is security.

 

[jon.a]

IOT scares me.
I don't trust someone elses security enough. I won't even do online banking.
We don't know what we don't know.

 

[Bouncing Soul]

Exactly, jon.a. I don't do online banking because...a friend worked in banking security and told me security basically comes from the number of transactions. (!)

IoT has extraordinary security challenges, and until that gets much much better I put as few things online as possible.

 

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[jon.a]

Exactly, jon.a. I don't do online banking because...a friend worked in banking security and told me security basically comes from the number of transactions. (!)

IoT has extraordinary security challenges, and until that gets much much better I put as few things online as possible.

Standing in a crowd and hoping the other guy get shot?

 

[sija1]

I've heard a lot about this. Read a few articles on why it's important but I'm just not seeing it.

Look at these examples. You can basically control everything in your home before you even get there. http://www.computerworld.com/articl...ion/150407-the-internet-of-things.html#slide4

IOT scares me.
I don't trust someone elses security enough. I won't even do online banking.
We don't know what we don't know.

I agree with you. The security has always been a major issue with computer technologies. Highly secure systems do exist, but the can also be breached just by more experienced person. Losing money because somebody brought down your website or somebody leaked your personal information is one thing, but driving a car that is being hijacked is a whooole new level of security issues: http://www.wired.com/2015/07/hackers-remotely-kill-jeep-highway/

I only posted this thread because the coming of the world where everything is connected is inevitable. Big changes mean big opportunities. Those who are building their Fastlane now and have small profits could reinvest and become millionaire and millionaires could easily become billionaires.

 

[loop101]

I've been considering retraining myself as a "cybersecurity professional", but I haven't seen a way to make it Fastlane. I like the fact it will never be outsourced, and I enjoy the work, but I don't want spend my entire life chasing technology in the Slowlane. Even if I became an an independent security contractor, my income would be limited by the hours I could work.

 

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[jason91]

I've been considering retraining myself as a "cybersecurity professional", but I haven't seen a way to make it Fastlane. I like the fact it will never be outsourced, and I enjoy the work, but I don't want spend my entire life chasing technology in the Slowlane. Even if I became an an independent security contractor, my income would be limited by the hours I could work.

Robert Herjavec

edit: Having a skillset as an individual doesn't limit your ability to create a company, if anything your experience with Cybersecurity will make it easier to setup a system to deliver cybersecurity solutions!

 

[jason91]

http://www.amazon.com/b/?node=10667898011&lo=digital-text

Lol, and the amazon takeover expands

 

[Leo Hendrix]

I think this is an important developing market and industry to be in, as more regions (unconnected) are able to connect to the internet.
Big Data & IOT will become increasingly important and crucial.

How we are able to use that data meaningfully and deliver value is the key. The world is only becoming smaller and 'smarter'.

How prevalent is the IOT, Big Data and Smart Devices etc currently in the North American Market?

 

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[MitchC]

Robert Herjavec

edit: Having a skillset as an individual doesn't limit your ability to create a company, if anything your experience with Cybersecurity will make it easier to setup a system to deliver cybersecurity solutions!

Look up how John mcafee is living


Sent from my iPhone using Tapatalk

 

[ilrein]

Currently exploring IoT production, design, programming, and security with huge interest and fascination.

Might have the chops to bring one to kickstarter. Will let you guys know when I do.

EDIT: fully agree that this is the biggest thing to happen to humanity, physical reality will evolve to cross digital boundaries over the course of the next decade, as Moore's law brings us cheaper transistors that are twice as powerful every 2 years. Developed countries will see retailers leverage physical locations for continuous consumer engagement, with things like BLE and smartphones, which opens a whole new world of supporting application development, hardware specialization/miniaturization, and cybersecurity.

 

[Imgal]

As an entrepreneur... I love the idea of IoT and the possibilities it offers to really help people and fulfil important needs. As an individual though it does start to creep me out with the possibilities. Forget all the horror films you've seen far. The future blockbuster is going to about a woman trapped in her home while her stalker takes control of her home, trapping her and she dies a horrible death when he programmes the vacuum cleaner to vacuum her to death.

 

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[Mineralogic]

they want every cell in your body to be connected to an IP address in the end....

 

[biggeemac]

they want every cell in your body to be connected to an IP address in the end....

Perhaps not to that degree, but an IOT connected cancer/heart disease prevention monitor wouldn't be such a bad thing.

 

[sija1]

Currently exploring IoT production, design, programming, and security with huge interest and fascination.

Might have the chops to bring one to kickstarter. Will let you guys know when I do.

EDIT: fully agree that this is the biggest thing to happen to humanity, physical reality will evolve to cross digital boundaries over the course of the next decade, as Moore's law brings us cheaper transistors that are twice as powerful every 2 years. Developed countries will see retailers leverage physical locations for continuous consumer engagement, with things like BLE and smartphones, which opens a whole new world of supporting application development, hardware specialization/miniaturization, and cybersecurity.

Good thing is that there are going to be more and more open source projects, allowing everyone to learn fast on their own. In fact, there already are. Programmable boards like Arduino, Raspberry Pi and Intel Galileo can be used by anyone to start their own IoT projects. Or anything else programmable.

 

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[Delmania]

As an entrepreneur... I love the idea of IoT and the possibilities it offers to really help people and fulfil important needs. As an individual though it does start to creep me out with the possibilities. Forget all the horror films you've seen far. The future blockbuster is going to about a woman trapped in her home while her stalker takes control of her home, trapping her and she dies a horrible death when he programmes the vacuum cleaner to vacuum her to death.

Unplug the router?

 

[ilrein]

Unplug the router?

Yes, that will work for now.

But that doesn't actually fix the security flaw, you've just temporarily halted access. Are you never going back online again after?

@Imgal props to being able to see the significance of cybersecurity. IMO It's poised to become the single most important trade in the coming times.

 

[MarkNNelson]

As an entrepreneur... I love the idea of IoT and the possibilities it offers to really help people and fulfil important needs. As an individual though it does start to creep me out with the possibilities. Forget all the horror films you've seen far. The future blockbuster is going to about a woman trapped in her home while her stalker takes control of her home, trapping her and she dies a horrible death when he programmes the vacuum cleaner to vacuum her to death.

I don't want to derail this thread, but if you're interested in a relevant bit of fiction, check out this book I mentioned over here. It'll only make those fears worse. Much worse.

I agree as far as the security piece being huge. And I don't think the general public will really get that. For example, how many people have been perfectly happy to plop an Amazon Echo onto their kitchen counter? Insane if you ask me.

Another opportunity here is in the big data aspect. That area has been growing steadily for a while now, but think about how it will have to expand in order to handle thousands of data streams for every person.

 

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[Imgal]

Unplug the router?

That's the twist. The router cannot be unplugged without the connection being unlocked by the thumb print of her dead father (I think we can all tell I don't have a future in scriptwriting.

Yes, that will work for now.

But that doesn't actually fix the security flaw, you've just temporarily halted access. Are you never going back online again after?

@Imgal props to being able to see the significance of cybersecurity. IMO It's poised to become the single most important trade in the coming times.

It's something I've been playing about with ideas for a while. Think it's about time I started getting more serious and stop playing with ideas and start doing something!

I don't want to derail this thread, but if you're interested in a relevant bit of fiction, check out this book I mentioned over here. It'll only make those fears worse. Much worse.

Appreciate the link I will definitely check it out. Thank you!

 

[Delmania]

It's something I've been playing about with ideas for a while. Think it's about time I started getting more serious and stop playing with ideas and start doing something!

This is definitely a place to look for opportunities. Whenever some new start-up appears on HN that is "teching up" something, the conversation always turns to security concerns. The challenge is making a system that's secure, but is easy enough for the general population to use. HTTPS stands out, to me, as a pattern to follow, as all the encryption and decryption is done seamlessly. There's a weakness in that it relies on the authority mechanism, but the general principles are good.

 

[Mineralogic]

perhaps the Internet of Everything is a bad direction. Notice how NO ONE with the billions and billions let alone the president and main politicians comes out to fight this stuff. They all get in line because DARPA, CIA, the president, a general, a Google founder says we are going in this direction

 

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[ilrein]

@Mineralogic perhaps discovering the Earth was round was a bad direction. Luckily we had the entire world killing scientists as fast as we could.

Maybe with some concerted effort from fellow fastlaners, we could plunge the world into the dark ages again?

 

[dave84]

I've been considering retraining myself as a "cybersecurity professional", but I haven't seen a way to make it Fastlane. I like the fact it will never be outsourced, and I enjoy the work, but I don't want spend my entire life chasing technology in the Slowlane. Even if I became an an independent security contractor, my income would be limited by the hours I could work.

Check out Breaker 101 if you're interested, I think it's still running: https://breaker101.com/
At least one cybersecurity professional has figured out how to Fastlane it.

 

[Mineralogic]

@Mineralogic perhaps discovering the Earth was round was a bad direction. Luckily we had the entire world killing scientists as fast as we could.

Maybe with some concerted effort from fellow fastlaners, we could plunge the world into the dark ages again?

complete strawman argument? That's not my point or argument. Technology has been very good for many years up until recent years.

We are building things that DO NOT empower or elevate mankind nor eliminate suffering. We are building tricks and toys with it a lot of times. If anything the pendulum has swung the other way and many more technological measures are being used to digitally enslave people, softly at first.

There is also lots of new research coming out showing how internet/wifi signals are causing health issues in a certain segment of the population i know all about from recent healthcare scare

 

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[sija1]

perhaps the Internet of Everything is a bad direction. Notice how NO ONE with the billions and billions let alone the president and main politicians comes out to fight this stuff. They all get in line because DARPA, CIA, the president, a general, a Google founder says we are going in this direction

Everyone always asks: "Can we do it?" But they never ask: "Should we do it?" (This comes from a video I watched in which they talked about the idea of nuking Mars, but it can be related to anything). That being said, we are going in this direction, good direction or not. If you think this is bad, then wait for the downsides of the strong AI development and it's everyday usage, which will surely come during our lifetime.

Is Facebook a good idea? Mobile phones? Robotics? Great servants, dangerous masters. Perfect in theory, but can be perilous in practice.

 

[Drq]

I've been considering retraining myself as a "cybersecurity professional", but I haven't seen a way to make it Fastlane. I like the fact it will never be outsourced, and I enjoy the work, but I don't want spend my entire life chasing technology in the Slowlane. Even if I became an an independent security contractor, my income would be limited by the hours I could work.

Anti viruses, firewalls, security hardware, intrusion detection systems, mobile security - each of them is a field where you can develop products or services (or both). You can make it fastline, it wouldn't be automated, but you can make it very scalable.