Drastic falls in cost are powering another computer revolution

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One way to understand the iot, says Martin Garner at ccs Insight, a firm of analysts, is by analogy with another world-changing innovation. Over the past century electricity has allowed consumers and businesses, at least in the rich world, access to a fundamental, universally useful good—energy—when and where they needed it. The iot aims to do for information what electricity did for energy.

The first act, in the aftermath of the second world war, brought computing to governments and big corporations.
Collectively, those benefits will add up to a more profound change: by gathering and processing vast quantities of data about itself, a computerised world will allow its inhabitants to quantify and analyse all manner of things that used to be intuitive and inexact.
One way to understand the I o T says Martin Garner at CCS Insight, a firm of analysts, is by analogy with another world-changing innovation.
Over the past century electricity has allowed consumers and businesses at least in the rich world, access to a fundamental, universally useful good—energy—when and where they needed it.
Arm, a chip-design firm specialising in the sort of low-power chips the I o T needs, thinks there could be a trillion such devices by 2035, meaning that computerised, networked gizmos would outnumber the humans that control them by well over a hundred to one.
Giving those computers access to the world is also cheaper.
Goldman Sachs, a bank, says that the average cost of the sort of sensor used in the I o T fell from $1.30 to $0.60 between 2004 and 2014.
To create an I o T you need more than just a trillion cheap computers.
Data on telecoms costs are fuzzier than those on computing.
Ubiquitous communications mean that data gathered by comparatively simple chips can be analysed by much more powerful machines in the data centres that make up the cloud.
Computing giants such as Microsoft, Dell, Intel and Huawei promise to help industries computerise by supplying the infrastructure to smarten up their factories, the sensors to gather data and the computing power to analyse what they collect.
It will also examine the new sorts of chips that might make the IOT work, which will cost less than a cent each and will be able to harvest the energy they need to run from sunlight or ambient heat

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