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The Internet of Things Will Revolutionize the World.

October 26, 2017 By Dick Young

Writing at HPE Matter, Meg Whitman unfolds a revolutionary technology concept that will change the world. Ms. Whitman predicts that it will affect nearly two-thirds of global GDP.

We’re beginning to see a world where everything is connected and everything computes, driven by the Internet of Things (IoT).

Behind the scenes, in almost every industry, massive efforts are underway to connect our physical and digital worlds, unleashing what many are calling the next Industrial Revolution.

The potential is so great, a recent World Economic Forum (WEF) report predicts that, within the next 10 years, IoT will impact nearly two-thirds of the global GDP, bringing unprecedented opportunities to almost every aspect of our lives. We’re beginning to see a world where everything is connected and everything computes, driven by the Internet of Things (IoT).

The UN predicts that 66 percent of the world’s population will live in cities by 2050, placing massive strains on infrastructure and resources. But cities around the world—from London to Goyang—are already investing in technologies to cope with the influx.

Some research that suggests nearly half of all U.S. jobs could be automated in the next two decades. And, it’s not just manufacturing jobs that will be automated. If you’ve seen the trailer for the new movie “Passengers,” you’ve seen that bartenders can be automated, too.

But the good news is, IoT won’t just replace jobs—it will open up entirely new professions. One WEF estimate suggests that 65 percent of children entering primary school today will end up in jobs that don’t yet exist. We’ll see more IoT-driven professions like smart energy experts and tech-savvy city planners, along with the ever-growing need for more engineers, developers and data scientists.

National University Hospital in Singapore is already piloting remote healthcare, which allows patients to use wearables that provide biometric updates to doctors without ever leaving their homes. These devices help monitor patient health, ensure safe medication consumption and eliminate the cross-contamination that can sometimes occur in healthcare facilities.

This is just the beginning of what’s possible when we harness the power of IoT. Increased intelligence and connectivity can improve our lives in many ways, allowing us to focus on the things that matter most—family, friends, health and happiness.

How IoT Will Bring a More Connected Future

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Dick Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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