The Motley Fool is a stock adviser with a tremendous amount of success at picking out good stocks that greatly outperform the market. Motley Fool’s latest thing is what they call the Internet of Things. The meat behind this weird title is that the Internet of Things is the next new wave of information technology.
We started with personal computers and the next stage was of course the internet revolution. Characteristic of this was the fact that computer technology doubled at the same time its prices were being lowered to half.
The internet revolution has been the biggest mover and shaker of America’s technology gains for the last 20 years. But what is this new Internet of Things everyone’s talking about?
Basically, the Internet of Things is an extenuation from the first internet revolution. The technology grew as follows:
People obtained their own personal computers. Computers that started out needing an airplane hangar to fill became miniaturized and improve until people had all that power in a personal computer.
The internet caught up on all of us. It literally changed the world. I could go on and on with all of the details but if you’re reading this, you know what I mean without me needing to say it.
Last few years: The technology is being spread out over more numerous but less powerful computing gadgets
PC’s à Laptops –> Tablets, cell phones, Blackberries, iPads.
The Internet of things:
The Internet of things is basically a way to connect less powerful but more numerous gadgets together to produce a whole many times more powerful than what we have today:
Eg. GPS systems.
Sensors that help you find what you’re shopping for without human aid.
Sensors for people that can recognize the identity of different people coming into a room in their house and automatically reset the room thermostat for what makes that person most comfortable.
NEW BRAINFOOD FOR FOLLOWERS OF DAVID GERE’S JUNKBOX ENTREPRENEURS CORNER:
Let’s come up with our own Internet of Things ideas: Maybe we can come up with ideas that no one else is thinking of.