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6 Interesting Facts about the Internet of Things

7 Interesting Facts about the Internet of Things
The Internet of Things has been a buzzword for a while now. People can’t seem to get enough of it. The possibility of living (kinda) like the Jetsons in this lifetime has people excited, and a little scared too. We live in interesting times.
Here are some facts and forecasts that may surprise you.

1. The value of IoT
Intel reports that as of 2025, it is possible that the worldwide value of the technology of IoT will be a whopping $6.2 trillion, with $2.5 trillion of this accounted for by health care and a further $2.3 trillion in manufacturing industries.

2. More connected devices than humans
The Internet of Things is rapidly evolving. Cisco estimates that 50 billion devices and objects will be connected to the Internet by 2020. What’s the estimated global population in 2020, you ask? Less than 8 billion!
Yet today, more than 99% of the things in the physical world remain unconnected. Bazinga!

3. There are 100 Internet addresses for every ATOM on the face of the earth!
We invented IPV6 because we knew we’d run out of IP addresses one day.
People lost their minds when Steve Leibson said in 2008, “We could assign an IPV6 address to every atom on the surface on the earth, and still have enough addresses left to do another 100+ earths. It isn’t remotely likely that we’ll run out of IPV6 addresses at any time in the future.” How cool is that?

4. Insecurities kill connections

It sounds cool to have smart gadgets but it also makes them more susceptible to getting hacked. Imagine a world in which your fridge refuses to make ice and your smoke alarm goes off randomly!
A year ago, a group of hackers used malware installed on over a hundred thousand devices to send out 750,000 virus-bearing spam emails. All this in less than a week! What raised eyebrows was that many of the devices in question weren’t computers or even smartphones. The victims were things that most people didn’t think were even capable of getting infected—televisions, home entertainment centers, and even a refrigerator!

5. Thrifty IoT
The report entitled “Machine-to-Machine Technologies: Unlocking the Potential of a $1 Trillion Industry” predicts that the technology could result in cost savings and new revenues worth 10-15 trillion USD over the next twenty years.

6. Save the environment? Check!
A new report by Carbon War Room and AT&T shows that IoT can save 2 billion tons of carbon emissions by 2020, while its applications in transportation and the operation of buildings and farms can slash greenhouse emissions by 7.1 billion tons.

The Internet of Things is already making waves. If these predictions come true, then the effect of IoT on the entire world will be enormous.

6 Interesting Facts about the Internet of Things