The Internet of Things and Your Internet Connection
Global Internet of Things Day is observed worldwide April 9th, though it certainly doesn’t need a special day to garner attention.
You may already know all about the IoT — in fact, the topic is nearly impossible to avoid. As a consumer, you may have noticed the WiFi-Enabled Slow Cooker by Black & Decker. This is just one example of the future of IoT in our homes. Possibly a more practical application, I recently purchased a WiFi-Enabled Hot Water Heater which not only provides leak detection and other protective alerts, but it allows me to program the heater when we are away from the home for an extended period of time, saving on energy costs.
IoT is expected to help the U.S. surge ahead of China to claim the No. 1 manufacturing spot by 2020. Here, it’s a key component of the “third industry revolution.” Here, it’s monitoring a declining population of seals, it’s earning help from the White House in the road to smart city development and it’s even changing everything, from cars to medicine to food waste.
When sifting through the myriad of headlines about the technology’s advances, you’ll see some other, more logistical stories that have remained consistent for years, including the need for reliable Internet connectivity to sustain this increasingly interconnected world. As an innovator in building high speed fiber optic networks that allow for cost-effective scalable bandwidth, we’re especially interested in this topic.
In November, Gartner estimated that the world will be using 6.4 billion connected things in the 2017 (an increase of 30% over 2015) and 20.8 billion things by 2020. This Global Internet of Things Market Study estimated that 50 billion objects will make up the IoT by 2020. Analysts say the IoT market will be worth $11 trillion in a decade. This upward trend comes at a time when consumer broadband usage is rising steadily; since 2009, it has increased by 50-60% year over year.
The influx of data delivered via new connected devices will require scalable networking solutions that grow alongside IoT expansion. No matter how you look at it, the IoT is changing networks and bandwidth permanently. So why you can’t yet grasp the value of a fiber based Internet connection, consider which of your devices are currently or could possibly be remotely controlled, and the impact of an unreliable network connection.