{"id":87730,"date":"2016-04-06T14:38:21","date_gmt":"2016-04-06T18:38:21","guid":{"rendered":"http:\/\/countingpips.com\/?p=87730"},"modified":"2016-04-06T06:44:56","modified_gmt":"2016-04-06T10:44:56","slug":"verizon-issues-state-of-the-internet-address","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/04\/verizon-issues-state-of-the-internet-address\/","title":{"rendered":"Verizon Issues \u201cState of the Internet\u201d Address"},"content":{"rendered":"
April 6, 2016<\/div>
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By WallStreetDaily.com<\/u><\/a> \"Verizon<\/p>\n

Coming soon to a universe near you: the internet.<\/p>\n

Not your regular, everyday internet, though. A ramped-up, turbo-charged version of the web that will dramatically change our lives.<\/p>\n

Don\u2019t believe me? It\u2019s already happening.<\/p>\n

We\u2019ve previously written on the new \u201cuniverses<\/a>\u201d that companies like Alphabet Inc.<\/strong> (GOOGL<\/a>) and Facebook Inc.<\/strong> (FB<\/a>) are creating that will allow devices connected to the Internet of Things (IoT) to communicate with each other and their human or machine controllers.<\/p>\n

We\u2019ve written about moves that IBM Corp.<\/strong> (IBM<\/a>) is making with its Watson supercomputer<\/a> in harnessing the power of the IoT to improve weather forecasting.<\/p>

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And we\u2019ve written about the barriers to entry for the IoT<\/a>, as well as challenges to privacy and security<\/a>.<\/p>\n

Another big player just jumped into the fray, too\u2026<\/p>\n

Another Tech Gladiator Issues Some Fat Predictions<\/h2>\n

Yesterday, Verizon Communications Inc.<\/strong> (VZ<\/a>) published its view of the Internet of Things.<\/p>\n

This is important for two reasons.<\/p>\n

First, Verizon is obviously a leader in mobile data. After all, it\u2019s Verizon\u2019s network, plus its rivals\u2019 networks, Wi-Fi, and other technologies that form the backbone of the IoT. That gives Verizon insight into what current IoT customers are doing and what\u2019s coming in the near future.<\/p>\n

Second, Verizon wants to be much more than just a data pipeline. Just as it wants to own content through its purchase of AOL and rumored interest in some of Yahoo! Inc.\u2019s<\/strong> (YHOO<\/a>) assets, Verizon wants to own major parts of the Internet of Things, too. Indeed, it\u2019s already got \u201cuniverses\u201d of its own for the utility and transportation industries.<\/p>\n

So what does Verizon see?<\/p>\n

In short\u2026 massive growth, just as we\u2019ve predicted here.<\/p>\n

Verizon estimates that the IoT market will grow to 25.6 billion devices in 2019 and over 30 billion in 2020.<\/p>\n

If that sounds large, it\u2019s actually on the conservative side of some estimates. Cisco Systems Inc.<\/strong> (CSCO<\/a>), for example, estimates there will be 500 billion connected IoT devices by 2025.<\/p>\n

Either way, it\u2019s still enormous growth. So much, in fact, that it\u2019s hard to count all the devices. Verizon says there are 10 billion IoT devices in use today, while other estimates say there are only half that many.<\/p>\n

But as my colleague Louis Basenese has said, the exact number doesn\u2019t matter much.<\/p>\n

Bottom line: This is a big<\/u><\/em> market \u2013 and it\u2019s only going to get much bigger.<\/p>\n

One surprising revelation from Verizon, though?<\/p>\n

The Ultimate \u201cForced Adoption\u201d<\/h2>\n

The company commented on how regulation is driving much of the IoT\u2019s growth.<\/p>\n

Specifically, it pins a lot of the growth of smart meters to the Energy Policy Act of 2007, for example.<\/p>\n

And other increasing regulation \u2013 from drugs to food to construction equipment \u2013 will drive IoT infrastructures to automate sourcing histories, shipping times, and more. For instance, if a restaurant has an outbreak of sickness among its customers (Chipotle, anyone<\/a>?), it can take days or weeks to find the source.<\/p>\n

But data collected by the IoT will allow the restaurant to know instantly where every possible source of contamination comes from \u2013 it will know if the problem was a farm, a warehouse, the restaurant itself, or even a single truck that wasn\u2019t properly cleaned.<\/p>\n

And crucially, restaurants will be able to prevent<\/em> many outbreaks \u2013 they\u2019ll know if a truck spent too much time in the sun with its cooler off and know not to use the products from that truck.<\/p>\n

The government is also heavily involved in the IoT \u2013 primarily with smart cities.<\/p>\n

Smart cities involve much more than tracking streetlights to save energy and illuminate potentially dangerous dark spots.<\/p>\n

Cities are employing IoT devices to let landlords compare their buildings to others to see where they can conserve energy\u2026 they\u2019re building Wi-Fi networks so mobile users don\u2019t have to hope that their cellular network doesn\u2019t cut out in any given area\u2026 they\u2019re even finding potholes as they form.<\/p>\n

And in the future, motorists will receive a text message telling them where the nearest empty parking space is to their destination.<\/p>\n

\u201cRegulation\u201d is often a dirty word\u2026 but in this case, it\u2019s the ultimate form of \u201cforced adoption.\u201d<\/p>\n

The most interesting insight from Verizon, however?<\/p>\n

Big Opportunity for Big Data<\/h2>\n

The company notes that at the moment, much of the data being collected by all these devices is actually being wasted.<\/p>\n

It estimates that only 8% of businesses are using even 25% of the data they\u2019re collecting.<\/p>\n

So what\u2019s the point, you may ask?<\/p>\n

Well, forced adoption doesn\u2019t always mean fast<\/em> adoption.<\/p>\n

The IoT is a work in progress \u2013 and the trend is pointing higher. For example, half of businesses plan to be using over 25% of that data in two to three years.<\/p>\n

This represents a big opportunity for Big Data.<\/p>\n

However, only a few companies have the capabilities to process and analyze all of the data that will soon be available to them. Most companies will need help organizing and using the data for their own aims \u2013 whether to increase safety, lower costs, or design new products and services that tap into customers\u2019 needs.<\/p>\n

Today\u2019s Menu: Oysters and Wine\u2026 With an Assist From the Internet<\/h2>\n

Verizon uses the examples of an oyster farmer in Massachusetts and a vineyard in Maine.<\/p>\n

Neither company has the scale to develop their own IoT analytics. But with help (from Verizon, of course!), they can monitor their oysters and grapes in ways they previously couldn\u2019t. For example, customizing delivery of water and food.<\/p>\n

Once harvested, the companies can track their products all the way to end users \u2013 particularly important for oysters, of course, since they go bad so quickly.<\/p>\n

But even for the winemaker, knowing where its wine is piling up in a distributor\u2019s warehouse and where it\u2019s selling well allows the winemaker to focus its sales and marketing efforts, and even plan what grape production to increase and which to decrease.<\/p>\n

Verizon\u2019s point here is one we\u2019ve made before: The Internet of Things isn\u2019t just one giant market\u2026 it\u2019s tens of thousands of smaller markets.<\/p>\n

The service component of these markets represents an even bigger opportunity than the device component. And ultimately, the rewards will go to the companies that can help other firms collect, analyze, and use the massive amounts of data to achieve their business objectives.<\/p>\n

To living and investing in the future,<\/p>\n

Greg Miller<\/p>\n

The post Verizon Issues \u201cState of the Internet\u201d Address<\/a> appeared first on Wall Street Daily<\/a>.<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

By WallStreetDaily.com Coming soon to a universe near you: the internet. Not your regular, everyday internet, though. A ramped-up, turbo-charged version of the web that will dramatically change our lives. Don\u2019t believe me? It\u2019s already happening. We\u2019ve previously written on the new \u201cuniverses\u201d that companies like Alphabet Inc. (GOOGL) and Facebook Inc. (FB) are creating […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-87730","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=87730"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87730\/revisions"}],"predecessor-version":[{"id":87746,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87730\/revisions\/87746"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=87730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=87730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=87730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}