The Fourth Industrial Revolution
What It Means and How to Respond
How to Make Almost Anything
The Digital Fabrication Revolution
As Objects Go Online
The Promise (and Pitfalls) of the Internet of Things
The Rise of Big Data
How It's Changing the Way We Think About the World
The Mobile-Finance Revolution
How Cell Phones Can Spur Development
Biology's Brave New World
The Promise and Perils of the Synbio Revolution
The Robots Are Coming
How Technological Breakthroughs Will Transform Everyday Life
New World Order
Labor, Capital, and Ideas in the Power Law Economy
Will Humans Go the Way of Horses?
Labor in the Second Machine Age
Same as It Ever Was
Why the Techno-optimists Are Wrong
The Future of Cities
The Internet of Everything will Change How We Live
The Coming Robot Dystopia
All Too Inhuman
The Political Power of Social Media
Technology, the Public Sphere, and Political Change
From Innovation to Revolution
Do Social Media Make Protests Possible?
The Next Safety Net
Social Policy for a Digital Age
The Moral Code
How To Teach Robots Right and Wrong
Focus on Data Use, Not Data Collection
The Power of Market Creation
How Innovation Can Spur Development
The Innovative State
Governments Should Make Markets, Not Just Fix Them
Food and the Transformation of Africa
Getting Smallholders Connected
As much as the Internet has already changed the world, it is the Web’s next phase that will bring the biggest opportunities, revolutionizing the way we live, work, play, and learn.
That next phase, which some call the Internet of Things and which we call the Internet of Everything, is the intelligent connection of people, processes, data, and things. Although it once seemed like a far-off idea, it is becoming a reality for businesses, governments, and academic institutions worldwide. Today, half the world’s population has access to the Internet; by 2020, two-thirds will be connected. Likewise, some 13.5 billion devices are connected to the Internet today; by 2020, we expect that number to climb to 50 billion. The things that are—and will be—connected aren’t just traditional devices, such as computers, tablets, and phones, but also parking spaces and alarm clocks, railroad tracks, street lights, garbage cans, and components of jet engines.
All of these connections are already generating massive amounts of digital data—and it doubles every two years. New tools will collect and share that data (some 15,000 applications are developed each week!) and, with analytics, that can be turned into information, intelligence, and even wisdom, enabling everyone to make better decisions, be more productive, and have more enriching experiences.
And the value that it will bring will be epic. In fact, the Internet of Everything has the potential to create $19 trillion in value over the next decade. For the global private sector, this equates to a 21 percent potential aggregate increase in corporate profits—or $14.4 trillion. The global public sector will benefit as well, using the Internet of Everything as a vehicle for the digitization of cities and countries. This will improve efficiency and cut costs, resulting in as much as $4.6 trillion of total value. Beyond that, it will help (and already is helping) address some of the world’s most vexing challenges: aging and growing populations rapidly moving to urban centers; growing demand for increasingly limited natural resources; and
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