Why Internet of Things is the Next Big Thing for Tech Giants like Samsung, Google and Apple

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By Precious Silva | July 31, 2014 10:40 AM EST

"The Internet Of Things" will be the next big thing in tech as big players like Google, Samsung and Apple take an interest over it. The area is supposedly limitless. Everyone has benen expressing their interest over the "internet of things." Giants like Google, Apple and Samsung are right in the middle of it.  Connectivity is key. Smartphones, tablets and laptops will not be the only devices wherein tech wars will be waged.  Giants will delve into the realms of cars, wristwatches, and even kitchen appliances. 

REUTERS
A Samsung Gear Live smartwatch is displayed at the Google I/O developers conference in San Francisco June 25, 2014. Google Inc's Android software is coming to cars, televisions and watches this year, as the Internet search giant races against Apple Inc and other tech companies to extend its business into a rapidly broadening field of Internet-connected devices.

According to Business Insider, the "internet of things" or "IoT" for short, estimates around 1.9 million devices as of today.  That is a huge number of connections ranging from consumers, business to business and government industries.  

Applications are boundless so to speak. Advertising, promotions and marketing will be one of the key utilizations on a business point of view.   An example of this will be internet-linked billboards.  Another business application would be the use of internetconnected security cameras via Dropcam (via The Globe and Mail), a company recently acquired by Nest Labs (a maker of internet connected home thermostats), which was in turn was acquired by the giant, Google. 

The "IoT" is also set to assist governments all over the world.  The tech giants definitely saw the future in sensor-laden devices.  Waste management systems use "IoT" devices to monitor those who exceed waste limits.  In some US cities, residential waste volume has declined because recycling measures where implemented.  In the world, smart water systems and meters have reduced leaks and spillages with the help of sensors.  

On a consumer level, people experience the "internet of things" though wearable devices like wristwatches that, not only monitor time and manage texts and emails, but they also monitor the blood sugar in a person's system without the pain and suffering of a needle prick.  The"Internet of things" has in fact conquered a lot of ground, even that of medicine and fitness. According to the Globe and Mail, players like Google, Samsung and Apple will definitely start off with their mobile phones then slowly explore with other devices. 

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(Photo: REUTERS / Elijah Nouvelage )
A Samsung Gear Live smartwatch is displayed at the Google I/O developers conference in San Francisco June 25, 2014. Google Inc's Android software is coming to cars, televisions and watches this year, as the Internet search giant races against Apple Inc and other tech companies to extend its business into a rapidly broadening field of Internet-connected devices.
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