SEMICON West 2019 What will happen in 5 years time? Kevin Ashton, the pioneer of radio frequency
identification (RFID) first coined the term Internet of Things (IoT) for his
presentation‘s title in 1999 to describe the network connecting objects in the
physical world to the Internet. Then the frequency of using this term
gradually increases over the years. IoT became the talk of the town whenever a
new internet-enabled household appliance is launched.
According to Google
Trends, this term reached a peak of popularity in 2016. Today, they are innumerable internet-enabled
gadgets, from refrigerators, home thermostat, to automobiles. Some consumers
are early adopters and some follow suit. Apparently, having a smartphone is not
enough; one thing leads to another, owning a smart home and a smart car are
inevitable.
According to
Statista, the total installed base of IoT connected devices was 23.14 billion
in 2018. This amount is projected to grow continuously yearly and to reach
75.44 billion in 2025. | How will it happen?
There is a ride-hailing
application that connects cars, then it extends to cashless payment, and now it
aims to connect all public transportations. From a single application, it
connects automobiles, banking, and the government. This is just an example;
there will be more inventions to come, to have all of us connected to the
Internet anywhere and anytime.  |
