About 10 years ago, and around the same time, we had to shutdown our telematics start-up because of lack of operating capital. Even though the company was trying to establish a footing in the network of embedded devices market ( pervasive computing, as it was called back then ), it lacked the desired infrastructure and the required capital to allow for experimentation. Anyhow, this post is not about a failed start-up.
This post is about the incoming tsunami called Internet-of-Things. The idea of interconnected devices , in everything, capturing and relaying information for analysis to AI-backend, in the cloud, has just started to churn the investment and tech-world. Google's acquisition of Nest, and Verizon's acquisition of Hughes Telematics will vouch for the effects of this expected mayhem, and this is only the tip of what follows next. I call this mayhem, because this will brings giants from technology, telecom, automotive, industrial/home automation, services and few others at loggerheads with each other. I believe, IOT will not only enable ubiquitous computing, but also will establish a platform for future innovations.
There is a pattern in financial technical analysis, called as Elliot Waves. I don't know why it occurs, some say it occurs based on human psychology, but that's left to debate. The key is that it occurs.
The 3rd wave is supposed to be the longest lasting and most rewarding. If we look at the charts of major indices from around the world starting 1970-1980, we'd notice this pattern shaping up in most of them. The Wave2 for this pattern seem to correspond to the dent put in by the 2009 fallout.
Imagine IOT riding the elliot 3rd wave, connecting the world in a manner it's was always supposed to be connected, and thus paving way for a greater collaborative effort to achieve better resource utilization for solving some of the critical issues that planet may face in future.
