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The Internet Technology

IoT Is the Third Big Technology 'Wave' In the Last 50 Years, Says Harvard 196

dcblogs writes: The Internet of Things (IoT) may be more significant in reshaping the competitive landscape than the arrival of the Internet. Its productivity potential is so powerful it will deliver a new era of prosperity. That's the argument put forth by Michael Porter, an economist at the Harvard Business School and James Heppelmann, president and CEO of PTC, in a recent Harvard Business Review essay. PTC is a product design software firm that recently acquired machine-to-machine firm Axeda Corp. In the past 50 years, IT has delivered two major transformations or "waves," as the authors describe it. The first came in the 1960s and 1970s, with IT-enabled process automation, computer-aided design and manufacturing resource planning. The second was the Internet and everything it delivered. The third is IoT. That's a strikingly sweeping claim and there will no doubt be contrarians to Porter and Heppelmann's view. But what analysts are clear about is that IoT development today is at an early stage, perhaps at a point similar to 1995, the same year Amazon and eBay went online, followed by Netflix in 1997 and Google in 1998. People understood the trend at the time, but the big picture was still out of focus.
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IoT Is the Third Big Technology 'Wave' In the Last 50 Years, Says Harvard

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  • Really? (Score:5, Insightful)

    by Anonymous Coward on Wednesday December 03, 2014 @10:24AM (#48514515)

    Shill says shilled product is the "next big thing," let's listen!

    • Re:Really? (Score:5, Funny)

      by sycodon ( 149926 ) on Wednesday December 03, 2014 @10:31AM (#48514577)

      Now I have a TWO phrases to despise. "The Cloud" and "Internet of Things"

      • Only two? I got a boatload. Although now I just look at those phrases as tools in a game played to separate fools from money. In the end, they're only Rorschach ink blots showing the con men the fastest path between the marks' hopes and fears.

        As usual, normal technology caveats apply. Don't discard wheat needlessly, but do your best to look in places where the wheat/chaff ratio is relatively high. And that ain't IoT.

      • by mysidia ( 191772 )

        I think Web 5.0 will be called The Cloud of Things or simply The CloudThingNet, or the ThingNet seeing as....

        Web 2.0 was about user feedback and social media; Web 3.0 was about application-rich web content, and Web 4.0 was about Cloud computing.

      • I'm sympathetic to the marketroids on this one. Most people think a "computer" is a thing with a keyboard and display (hence the strange confusion over whether a phone or tablet is a "computer"). And people do understand that a network is a way for computers to talk to each other.

        But the idea that you might have a microprocessor in a light bulb is plain weird to most people, hence the new name. And at least it's better than "the washing machine network". Now if only they would turn their thinking caps to

    • by tnk1 ( 899206 )

      People have been talking about networking non-PC "things" together ever since people became acquainted with computers.

      IoT as a term represents nothing more than the beginning of the "Marketing of Things".

      At the same time, once marketeers get their hands on things, they have generally landed in some way. So, although the term annoys me, it may be a precursor of good things to come. Aside from the annoying sales and marketing babble that will be accompanying it, of course.

  • by halivar ( 535827 ) <.bfelger. .at. .gmail.com.> on Wednesday December 03, 2014 @10:24AM (#48514519)

    Yeah, bluetooth is cool. Everything's connected. I can control my toaster with my Harmony remote. But this is NOT bigger than the internet.

    • My favourite thing with Bluetooth connections is when you connect all you get are codewords. Holding a phone and a speaker. Go to pair them and suddenly the speaker is actually a 947842v.2. WTF?

      • by mlts ( 1038732 )

        Of course, there are all the oddball ways of pairing items. Some just pair with the nearest device that is discoverable, some will demand you use "0000" or "1234" for a pairing code.

        Ideally, if the device isn't too small (pairing a BT headset for example), it would be nice to have some form of e-Ink display where when pairing, the device could show its name discoverable by BT as well as a random six digit PIN. Once paired, the display would blank. Ideally, some way of both devices having PINs entered on

    • by boristdog ( 133725 ) on Wednesday December 03, 2014 @10:45AM (#48514679)

      Yeah, I have had a coffee maker for 20 years that will make my coffee 10 minutes before my alarm goes off and I will have hot coffee in the morning.
      I rarely use that feature, even though it is awesome and only requires me to dump in coffee grounds and push a button at night. Otherwise I have to do that and wait 10 minutes for my coffee in the morning. Big whoop.

      So why would I use 95% of the promised IoT benefits, most of which are not as awesome as having hot, fresh coffee first thing in the morning. How lazy am I supposed to be?

      Yes, there are some cool things which I will use in the IoT, but most of what is touted as revolutionary is just stuff that isn't hard to do anyway.

    • by sycodon ( 149926 )

      "Corinthian Leather"!

    • by oodaloop ( 1229816 ) on Wednesday December 03, 2014 @11:56AM (#48515345)
      Dumbass. When they talk about increasing productivity, they're not talking about you controlling your toaster with your remote. They're talking about an army of connected sensors on the production floor, delivery trucks, planes, etc and all talking to each other. They're talking about more accurate weather forecasting from distributed barometers in smartphones and other sensors. Thing bigger. Yes, this is going to be big, but not technically bigger than the internet, since it's part of the internet.
      • But we already do that. I work in a highly automated factory and I've been doing that for the past 15 years.

  • by catchblue22 ( 1004569 ) on Wednesday December 03, 2014 @10:24AM (#48514523) Homepage
    I for one welcome our new food cooling overlords.
  • Right, the IoT (Score:5, Insightful)

    by Anon-Admin ( 443764 ) on Wednesday December 03, 2014 @10:31AM (#48514573) Journal

    I did not read the article, I quit reading the IoT articles some time ago. Seems they all revolve around the wonderful new advertising and data collection methods that arise as people adopt the IoT.

    The day my toaster tells me about the great new pop tarts I could be eating, is the day I take a large axe to it and give it a reprogramming it will never forget.

    • But what if it tells you the pop tarts you are about to eat have been recalled due to salmonella poisoning?

      • Then I will wonder where the RFID tag in the poptarts is located, and what it is going to do in my colon...
        • by AK Marc ( 707885 )
          They are already putting RFID tags on pills, and RFID readers on wastebands.

          Edible RFIDs are old, where have you been? They are also for old people. Gotta make sure the dementia-seniors take their meds.
    • Still stuck in the (18)90s with that boring old log splitter? You need a new SmartAxe by Spishak! It keeps track of your swings per minute (SPM), live tweets your rain of destruction, and presents you with a curated ad experience for products to replace the ones you've destroyed. The SmartAxe, by Spishak! Because Fuck Cavemen (tm).

  • IdIoTs (Score:5, Insightful)

    by some old guy ( 674482 ) on Wednesday December 03, 2014 @10:40AM (#48514639)

    Wow, an article hyping a fork of the internet that is all...hype!

    Let's say 2-10% of the total population use devices to actually control or monitor web-connected appliances. That's not where the market is.

    It's all about the 100% of the population are subjected to an unending bombardment of ads on their refrigerator and microwave screens, based on personal data profiles garnered from same-said appliances associated with other known user info. Universal real-time context-based marketing. SCORE!

    This isn't about technology. It's about marketing, pure and simple.

    • by mlts ( 1038732 )

      Nail, head, hit.

      As for the "third wave" after computers and the Internet, I can strongly speculate on what that will be... and that will be a run from the Internet on a large scale.

      WANs that are air-gapped from the Internet will be something that is coming our way. Right now, the technology is nascent because previous networks were designed to get stuff connected with security as an afterthought. However, we will be seeing various items split from the Internet, similar to the US's SIPRNet and NIPRNet. So

    • by s.petry ( 762400 )

      Except it's not just about marketing, it's also about influence and control of agencies over every aspect of your life. Think of all the doors this opens for control. Example: You can use a web cam to see the contents of your Fridge to know what to order. Someone else wishing to portray you as an alcoholic can look in your fridge and see you have beer and use this for evidence (even if it's not true), and the now mandated Government Health insurance can use the contents of your fridge to deny payments d

    • by AK Marc ( 707885 )
      IoT isn't about home automation. Home automation has been stagnant since the '90s. The tech was always there. People just didn't want to pay for it. Unlock your door from work because your neice dropped into town unexpectedly is easy, and 20 years old. IoT is about your O2 sensor in your car being linked not just to the engine management system, but the dealer and your smart phone. Have your O2 sensor tell you when you need spark plugs replaced, rather than running rough for a long time waiting for a n
  • by Himmy32 ( 650060 )
    Maybe I am too much of skeptic, but color me surprised if IoT products take off. What people really want is convenience and IoT devices currently provide less. When you walk into a room to turn on the lights you don't want to get your phone out of your pocket. What use would an IoT fridge or oven provide? I sure don't want to have to program my fridge every time I put in something or take something out, and if I am using my oven I am standing nearby. Do you really need text alerts when your popcorn is done?
    • by unimacs ( 597299 )
      No, but you might want to know that your sump just quit working while out of town on vacation. Or you might want a little alarm to go off on the phone next to your bed if it's midnight and the garage door has been left open since 10:00 pm. Even better if you could shut it via the phone rather than having to get out of bed.

      Personally, I'd want to know if 10 windows in the house are open and somebody turned on the AC, or a closet light has been left on since morning.

      I work in the energy efficiency indu
      • by Himmy32 ( 650060 )
        None of these are bad things. But my point also aren't as big as the internet. Again there or some great use cases, sump pump/garage door are great ideas. But imagine your grandma maintaining wiring to all of her windows plus configuring the alerts. It is more time and money than if a window gets left open for an hour on accident, then for a contractor to come out and run cables through the walls configure some network appliance to send reports back to some company who will sell the information . I don't ha
        • by unimacs ( 597299 )
          The beauty is that there's no wiring, you don't need a contractor. The kind of system I'm looking at use devices that communicate wirelessly using zigbee or z-wave protocols (not wifi). There have long life LED bulbs with built in wireless capability today. You just screw them in like any other bulb. Yes they are expensive, but costs will come way down.

          I agree these are not something most grandmas are going to use anymore than they would have used a smartphone in 2005 or even today. That doesn't mean th
    • by PaddyM ( 45763 )

      would you pay 1100.00 for a refrigerator without IoT or 900.00 with? how about car insurance for 800.00 a year without IoT or 500.00 a year with? and hey, how come himmy32's fridge never tells NYPD ^H^H^H^H aunt may what he's having for dinner? maybe he's storing something other than food, probable cause and defending society from malnourishment what not.

      I wish I were so wrong.

  • by bluegutang ( 2814641 ) on Wednesday December 03, 2014 @10:48AM (#48514713)

    Let me go through each of the predicted applications [wikipedia.org] of the Internet of Things and see how much, or how little, effect it will have.

    Environmental monitoring - Will protect you from a tsunami once a decade. Otherwise, makes no difference to your life.

    Infrastructure management - Will make your train run a couple percent faster. Barely noticeable.

    Industrial applications - Will let Walmart cut a few more cents off their prices and still make a profit. Barely noticeable.

    Energy management - Will cut a few dollars off your electric bill. Barely noticeable.

    Medical and healthcare systems - Will get you faster to the hospital when certain medical crises occur. May lead to better treatment of some chronic diseases, once a few decades of research is done based on the resulting data.

    Building and home automation - Will change the world just as much as X10 did. Remember them?

    Transport Systems - See infrastructure and industry above.

    Large scale deployments - May save a little money. Unclear what this category even means.

    Compare that to the effects of the internet on business on society. Here are a few of the first ones I can think of:
    - Internet purchases
    - Telecommuting and eased outsourcing
    - Almost replaces the newspaper, travel agent, and snail mail industries
    - Social media as a major activity for most people - formation of new geographically-dispersed communities

    There's just no reasonable comparison. Even the hype for the IoT is smaller than many of the demonstrable effects for the real internet.

    • Industrial applications - Will let Walmart cut a few more cents off their prices and still make a profit. Barely noticeable.

      Retail profit margins are razor thin as it is. The reason they make so much money is the volume. If they can shave a few cents off of each of the billion products they sell each year, that's tens of millions of dollars! That's very noticeable!

      Of all the possible applications for the IoT, industrial applications are by far the most promising for that reason. Some industries are so competitive that successful companies look at fractions of a percent improvements as major investment opportunities. Indu

    • Re: (Score:2, Insightful)

      by Anonymous Coward

      Environmental monitoring - Will protect you from a tsunami once a decade. Otherwise, makes no difference to your life.

      If my life, and the lives of 15-20,000 other people are spared (see death toll of Fukushima Tsunami), then that makes a fairly large difference, economically speaking - if I'm killed when I'm 30, versus living to the ripe old age of 80, and that same pattern plays out across 15,000 other people? An extra 50 years on my life? That certainly makes a difference in MY life, and in the economic

  • How does the IoT handle security problems? That seems the biggest stumbling block.

    "Dumb" things have an important advantage in that they can't be hacked and remotely controlled - especially without your knowing.

    The current maintenance nightmare of securing networked devices is already overwhelming (me) and the effects of being hacked are already incredibly expensive. I'm not sure the value gained from IoT is worth it.

    Perhaps if the devices were not update-able and only sent and recieved particular commands.

    • The current maintenance nightmare of securing networked devices is already overwhelming (me) and the effects of being hacked are already incredibly expensive. I'm not sure the value gained from IoT is worth it.

      It's only a problem if you care. Just sit back, relax, let us worry about security.

      Sit back, it's OK, really it is. Would you like a nice message? There's an app for that you know.

    • by swb ( 14022 )

      I'm beginning to think that there basically is no security on the Internet. What security there is is a facade only.

    • by mlts ( 1038732 )

      That's the rub... IoT sounds like 1990s thinking where the goal is to get stuff connected, and worry about security later.

      IoT -might- be useful, but what is needed is for a LAN/WAN approach, with a central monitoring device that handles all the local devices, with a hardened external interface, perhaps even an independent NIC that does the firewall rules [1]. The monitoring device would either poll or receive traps from the BlueTooth devices, then handle the info either by sending it to a preconfigured des

  • by jandersen ( 462034 ) on Wednesday December 03, 2014 @10:51AM (#48514743)

    ... so powerful it will deliver a new era of prosperity. That's the argument put forth by Michael Porter, ...

    This is not 'an argument', it's a postulate. How does he actually imagine that this fabled 'IoT' (note the fancy capitalisation, an infallible sign that This Is True, for certain values of true). Let's go all the way back to the fundamentals of economy: value is produced by adding labour to natural resources, right? You dig iron ore out of the ground, heat it up and slap it with a hammer - now you have a tool, which is valuable (slightly simplified, I know). Where does the value come from in this IoT? Advertising? Outsourcing? Or does he just mean that the already wealthy will be better able to concentrate what limited wealth there is in their bankaccounts? Value, whichever way you define it, does not come out of thin air and communication.

    Let's hear some real arguments, please.

  • by gstoddart ( 321705 ) on Wednesday December 03, 2014 @11:07AM (#48514885) Homepage

    As far as I can tell, "Internet of Things" is at present a purely marketing term, and something bandied about by people who are telling us how awesome the future will be and what we'll be using.

    Is it a real thing? Is this what people actually want? Or is this just hype and bullshit?

    Me, I'm more thinking this falls into the category of most forms of prognostication, isn't as inevitable or desired as people think, and a whole bunch of people are making money by talking about "Interwebs of Stuff".

    It's hard not to see this as so much marketing crap, and something for the analysts to talk about that, as usual, they have no idea if it's real or not but need to sell their services.

    • by Kjella ( 173770 )

      The problem is that making a "smart" appliance adds too much cost in a market where most people can't take any advantage of it. As long as you need special everything, it's just not worth it. Part of the problem is that everything needs its own wireless module, which aren't trivial and instantly brings all sort of funny hacking scenarios into play. Ideally you'd have some kind of "smart wiring" which hooks everything straight to a home central, that way even a really cheap micro-controller could do the job

  • Okay, I admit I replaced intentionally the I by a l to make this joke working. Neverthless, it seems obvious the IoT evades many of us. It is not about toasters, coffemakers and fridges on the Internet. It can be, but it is probably not where this will be useful to anyone. In fact, the article mentioned bad usage of IoT and warn readers against overengineering it into products. The mass market isn't probably the first market for IoT. Think about monitoring infrastructures and make them smarts after analyzin
  • Way more than the internet, dot.com, the cloud and all that jazz combined. With idiots buying some new appliances 'cause they are now "all connected" and manufacturers not giving half a shit about making them secure in any way, with a government thrown in that wants to regulate everything and anything you do, say and think and just waiting for an excuse to regulate the living shit out of anything internet related, this WILL have way more impact on our lives than anything that came before.

  • Imagine, a vast collection of Things [tumblr.com] connected electronically! Maybe next we can have an Internet of Itts! [blogspot.com]

  • Responsibility (Score:4, Interesting)

    by aaronb1138 ( 2035478 ) on Wednesday December 03, 2014 @11:31AM (#48515079)
    This is all fine and dandy as long as a few simple requirements are well understood by the technology implementers.
    1) Legal liability for appliances and their cock ups is handled in much the same way as it is now.
    If my toaster starts a fire and burns down my house, the insurance cuts me a check immediately while they handle the legal battle with GE (toaster manufacturer) and UL (Underwriters Laboratory who signed off on the device safety). The same legal protections for technology in appliances should be in effect. If my dishwasher gets malware (or just includes it by default) and causes my refrigerator to stop working and spoil my food, the insurance cuts me a check for my losses and to replace the defective appliances, and handles the legal issues.
    2) Device interoperability needs to be as easy as antiquated analog systems.
    You could hook up a TV with RCA or coax connections and be watching off a VCR or DVD player in minutes. It's ridiculous that HDMI is rarely so straightforward (it occasionally works this simply). Resolution, aspect ratio, audio stream selection, and DRM phone home setup is retarded.
    3) Pick a device class to be the central hub, management, and gatekeeper. I suggest home wifi routers or a cheap, simple network bridge device.
    4) Full control of permissions and actions by devices with simple to understand language.
    If I don't want my washing machine downloading ads for Tide and Purex, it better f---ing not download ads. Same goes for usage tracking uploads.
    5) Power usage should not significantly go up. If anything, connected devices should be able to lend clues as to how little changes can make my home greener and/or lower utility bills. Example: washing machine suggests running wash cycle at 8 PM to get out of peak usage billing. It sends me an SMS if I select, to let me know to put the clothes into the dryer.
    6) Device electronics / control should be isolated to prevent the additional complication from increasing failure rate.
    It's stupid, bad engineering that the more features a home appliance has, i.e. the more premium it is, the more consumers see failures. If the toaster can't get online, it better still make my toast when I press the button.
    • I should clarify that although all of my examples stem from the perspective of consumer devices in the home, they should equally apply to the implementation of industrial, infrastructure, and similar commercial systems.
  • Salesman says "This thing I'm selling is the next big thing!!"
    Slashdot editors fall for it.

    l

  • Its productivity potential is so powerful it will deliver a new era of prosperity.

    ... Michael Porter isn't over-selling it. /sarcasm I imagine that his company has a vested interest in the IoT, so he's totally objective.

    Seriously, how did we, as a species, ever get by without an Internet-connected refrigerator that can track milk usage? Or a WiFi thermostat? Like a fool, I've simply set mine to a low of 70 and high of 78, letting my 16 SEER heat-pump auto-switch as needed. Curse my short-sightedness; I have been blinded by my comfortable room temperatures!!

  • The things that need sensors to operate properly and or safely already have them.

    Things that don't at best stand to benefit only marginally and at questionable ROI to their users.

    The only point of salivating over IoT is selling gimmicks and excuses to spy on everyone and everything for profit. To quote TFA "and after-sale service and by creating the need for new activities such as product data analytics and security."

    How does the customer benefit from that? They don't... was never the point.

  • I sure hope I can use the IoT to control a monorail!

  • It's simply the latest wave of the "On the Internet!" fad.

    Viewing webpages ON THE INTERNET
    Watching movies ON THE INTERNET
    Banking ON THE INTERNET
    Buying dog food ON THE INTERNET
    Your car ON THE INTERNET
    Your refrigerator ON THE INTERNET
    Your thermostat ON THE INTERNET
    Your toilet ON THE INTERNET

    While the gear geek in me thinks "Cool! We can do that!"
    The rest of me really, SERIOUSLY questions other ramifications brought on by "Everything ON THE INTERNET". Like privacy. And security.

    Think of "Your security syste

  • the Panopticon of Things.
  • by Jim Sadler ( 3430529 ) on Wednesday December 03, 2014 @01:50PM (#48516433)
    In order for people in a nation to support a market place two things are required. The people must have disposable income and leisure time available. Sadly we are living in a time in the US where most people have less and less disposable income and either have way too much liesure time or way too little liesure time. We can assume the unemployed won't be getting "things" very much at all. And those that work anywhere near minimum wage won't be buying much either. And it is not a tax problem as politicians would have you believe. It is the cost of basic survival is too high and the wealth the rich have been allowed to accumulate has ruined the economy. Yes we do need a fair minimum wage and we also need a maximum wage and earnings limit as well. Failure to do this will result in some sort of revolution which may already be under way. Every crime has an element of rebellion against government in it and every arrest costs the tax payer more money. The downward path is chiseled in rock for all to see.
  • by LessThanObvious ( 3671949 ) on Wednesday December 03, 2014 @02:48PM (#48516833)

    Please stop the Big Data wet dream of sensors all over collecting information they have no business having. The security nightmare of millions of half-ass secured devices leaking data 24 hrs a day is not a good thing for society. There could be plenty of value in certain devices communicating, but on an intranet only and with very limited extranet access only if and when appropriate. The current model where things just get stuck on the internet with no limitations is the wrong approach for the consumer and the health of the internet.

  • I can't wait: We will all be surrounded by a sea of devices, all beta quality - as is the norm today - such that every single day will involve struggle with 5% of the devices not doing what they are supposed to do; and all will require constant software updates; and all will have security vulnerabilities. Nice. Please count me out!

"All the people are so happy now, their heads are caving in. I'm glad they are a snowman with protective rubber skin" -- They Might Be Giants

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