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Tech Evolution: Will Internet of Things Die Before it Gets a Chance?

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James Desmond
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Conventional wisdom among the experts states that the Internet of Things IoT is the next great technological revolution, one the likes of which we haven t seen since the internet itself was first introduced.There s a great deal of excitement surrounding the IoT, and many businesses both big and small are trying to get out ahead of the trend.We ve already seen wearable fitness devices gain traction, and smart home appliances aren t far behind.All signs point to the Internet of Things exploding onto the market in a wide variety of ways.Considering the estimates that there will be tens of billions of web-connected devices by the next decade, the IoT is about as close to a thing to being an inevitability, right?

Maybe not.For all the positivity surrounding IoT predictions, the Internet of Things is far from a sure thing.In fact, it could just as well die before ever getting a real chance among consumers.Related Article: The Shocking Truth: Why Every Company Is a Technology CompanyBig Data DependenceOf course, the very idea that the IoT could end up failing sounds like a fantastical notion.

The big question is, will that actually be the case?Wary ConsumersIt s no secret that consumers have become much more wary about privacy and security issues involving the Internet in the past few years.

If that fear is present for our usual web activities, it s only expected to grow as the Internet of Things expands.Just think of all the devices that are or could be part of the IoT: jewelry, toasters, clothing, cars, traffic lights, thermostats, washing machines, and so much more.

Now imagine every single one of those devices is collecting data on the user.Related Article: Is Silicon Valley Still the World's Top Technology Hub?Businesses may use that data for perfectly practical and sensible reasons, but how comfortable will consumers be knowing potentially sensitive information will be in the hands of faceless companies?

But it s important to continue to view it as anything but a guaranteed success.

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James Desmond
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