Rich Crocco

The Internet of Things is Coming, Like it or Not

Image via http://www.luxcapital.com/blog/internet-of-things-needs-a-new-interface/
Image via http://www.luxcapital.com/blog/internet-of-things-needs-a-new-interface/

The Internet of Things (IoT) craze has grown to the point where the government is getting involved. Recently the U.S. Senate passed a resolution calling for a National Strategy on the subject. It was only months ago that I was hearing the term Internet of Things, but didn’t have a clue what it meant (not to mention the funny little acronym IoT. Now I’m seeing tech events popping up around the country utterly dedicated to the subject. Maybe I’m just late to the game here but it seems like IoT is gaining a lot of momentum.

So what to make of this craze? Some experts are saying it will be the next major shift in how the internet affects our daily lives. Some experts also say IoT is the largest reason the internet will be shifting from the traditional IPv4 protocol to the more robust IPv6. With IPv6 the number of IP addresses the internet can handle multiplies exponentially. The exact number is 3.4 X 10^38 if that means anything to you (not much to me!), the point is we won’t be running out of addresses anytime soon after the transition. The World Economic Forum projects by the year 2020 there will be 5 billion people on the internet along with 50 billion ‘things.’ Right now there are approximately 3 billion people connected along with 14 billion ‘things.’ The ‘things’ part of that statistic represents a 250% increase in five years. Read more…