The internet of things is indeed the 'next big wave of' of technology and it will transform industry, healthcare, finance, retail and more. There are downsides though including IP issues, security and privacy. This is presentation for lawyers on the front lines.
11. 50’s & 60’s
60’s & 70’s
70’s & 80’s
90’s & 2000’s
2000’s
2010’s
Beginning now
The next innovation sweet spot?
The combination of hardware,
software and sensors known as
the ‘Internet of Things’
What is IT?
12.
13. Internet of Things: How Big in 5 Years?
20 Billion devices? 50 Billion Devices?
http://www.technologyreview.com/review/534581/the-purpose-of-silicon-valley/
http://www.mckinsey.com/Insights/Business_Technology/An_executives_guide_to_the_Internet_of_Things?cid=digital-eml-alt-mip-mck-oth-1508
Doug Henton, who heads the consulting firm Collaborative Economics and oversaw an upcoming research report on the state of the Valley, argues that since 1950 the area has experienced five technological waves. Each has lasted about 10 to 20 years and encompassed a frenzy followed by a crash and shakeout and then a mature “deployment period.” Henton has identified these waves as defense (1950s and 1960s), integrated circuits (1960s and 1970s), personal computers (1970s and 1980s), Internet (1990s), and social media (2000s and 2010s). By these lights, the social-media wave, however dominant it is in the public eye, soon may be replaced by another wave. Henton suggests that it’s likely to involve the combination of software, hardware, and sensors in wearable devices and the “Internet of things.”