The maker of an internet-connected garage door disabled a customer’s device over a bad review

There’s a new, dystopian risk to using internet-connected gadgets: If you complain, the company that made it might remotely kill your product.

This is what happened to one customer who bought Garadget — an internet-connected garage door opener. It lets you remotely lock or unlock your garage with an app, or see if it’s open.

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How the Internet of Things is transforming industries you never imagined

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Growing up, computers were mainly tools for automating secretarial tasks, not for professional work. Economist Robert Solow observed around that time, “You can see the computer age everywhere but in the productivity statistics.”

But in the late 1990’s information technology became truly transformative. Combined with the commercial Internet and email, they became conduits to a continuous flow of information that could be processed, analyzed and turned into action. It’s likely that we’re in the early days of a similar productivity boom today, as connectivity begins to transform physical machines.

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Internet of Things will transform the insurance industry within the next 5 years

reduction in us crashes between trucks with vs. without safety systems

Over then next five years, the ability to bring internet connection to almost every type of consumer device will be huge implications for the insurance industry. Insurers looking to cut costs, improve business practices, and better assess clients’ risk levels, will increasingly invest in the Internet of Things (IoT).

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The technology-driven future will bring upheaval and opportunity

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Futurist Thomas Frey

Thomas Frey, executive director and senior futurist at the DaVinci Institute estimates that billions of jobs will disappear in the next 15 years due to the Internet of Things (IoT) and many associated technological advances, but these extreme and accelerating changes will also create many new industries and countless new jobs to replace those they’ve eliminated.

 

 

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The Internet of Things isn’t set to unleash a deluge of data… yet

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The startup called Spark is building a microcontroller for connected devices.

Billions of devices, from forks to jet engines, are already connected to the internet. All signs point to a huge surge in the years to come. For example, Cisco, predicts 21 billion of them in 2018, up from 13 billion in 2013. But despite those numbers, the companies that will be storing all that device data are less concerned sheer volume and more concerned about making it usable.

 

 

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Top 10 ways connected devices will impact every business

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The IoT will affect all types of organizations.

The number of mobile-connected devices this year will exceed the world’s population. Most organizations will have to respond in some way to the rise of connected devices in order to survive the next decade. As connected products, connected logistics, and connected phones become ubiquitous, they create value for users and risks for companies.

 

 

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The future impact of the Internet of Things can’t be underestimated

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Internet of Things

The Internet of Things (IoT) is a hot new buzzword. Its purpose and definition are grossly misunderstood. When some people hear the term IoT they immediately associate it with a refrigerator reminding us to order milk or our Fitbit wearable device tweeting how we just ran 4 miles. Neither of those uses are very compelling to most of us which makes it hard to fathom how experts can predict that by 2020 there will be greater than a one trillion dollar market that vendors will be trying to claim a piece of.

 

 

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Why the Internet of Things needs to create its own economy

Internet of Things exists, but often badly.

If you track the Q rating of tech trends, then you know the cloud is so last minute and big data is good for little more than wrapping fish at Whole Foods. For 2013, it’s all about the Internet of Things.  But, for the Internet of Things to succeed it is going to need an economy supported by developers who can rely on open standards and APIs.

 

 

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