The Internet of Things (IOT) aims to do for information what electricity did for energy
As befits such a dramatic ambition, the heralds of theare fond of very big numbers. Bain & Company, a management consultancy, reckons total spending on it will reach $520bn by 2021. McKinsey, another consultancy, is giddier still about the future: it reckons the economic impact of thecould be as much as $11.1trn every year by 2025.
The final ingredient is a way to gather all the data that a trillion-computer world will generate and to make sense of it all. Modern artificial-intelligence techniques excel at extracting useful patterns from large quantities of raw data. Ubiquitous communications mean that data gathered by comparatively simple chips can be analysed by much more powerful machines in the data centres that make up the cloud.Attracted by the lure of new business, and fearful of missing out, firms are piling in.
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