Photo of young person learning computing.Matt Asay of ReadWrite reported, “It’s standard to size a market by the number of widgets sold, but in the Internet of Things, which numbers sensors and devices in the billions, widget counts don’t really matter. In part this is because the real money in IoT is not in the ‘things,’ but rather in the Internet-enabled services that stitch them together. More to the point, it’s because the size of the IoT market fundamentally depends on the number of developers creating value in it. While today there are just 300,000 developers contributing to the IoT, a new report from VisionMobile projects a whopping 4.5 million developers by 2020, reflecting a 57% compound annual growth rate and a massive market opportunity.”

The author continued with, “In the last 30 years we’ve created a fair amount of data, but it pales compared to what we’ve generated just in the last two years. Ninety percent of the world’s data was generated in the last two years alone, much of it by machines. Such machine-produced data dwarfs human-generated data. In such an IoT world, devices are not the problem. According to Gartner, we’ll have 26 billion of them by 2020. Connecting them isn’t, either. As VisionMobile’s report makes clear, however, ‘making sense of data’ is the real challenge. It’s also the big opportunity…”

 

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Photo courtesy flickr / kelliamanda