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The Internet of Everything

October 25, 2013

The technology analysts at Gartner recently released a list of their 10 Strategic Technology Trends for 2014. I encourage you to go take a look at it. All 10 items on the list are interesting and I think that we may indeed see many of them take off in the coming year. However, today I want to focus on just one of the items that is on their list. They call it the “The Internet of Everything”. The idea is that the Internet is rapidly expanding into both enterprise and consumer devices such as, TV’s, Cars, and even eye ware (i.e Google Glass).

Businesses will need to realize that going forward everything will be digitized. For example magazines, newspapers, television networks, cable channels, movie studios, and the music industry have already had to dramatically change they way they do business and in some cases rethink their entire business model. For instance, Vince Gilligan, the creator of ‘Breaking Bad’ gave credit to Netflix for keeping the show on the air past the second season. Additionally, the music industry is being forced to move away from the idea of albums.

If you think that entertainment is the only thing that will need to change know that in a recent study it was determined that 30% of adults in the US get their news from Facebook! As astonishing as this number is to me I have to believe that it will only go up over the next year.

These are just a few examples of how the face of business has changed in the wake of the Internet. If we listen to history then it only stands to reason that going forward more and more businesses will be forced to rethink not only how they interact with their customers but how they provide their goods and services to them.

Jeff

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