Do you think the Internet will become ‘like electricity’ less visible, yet more deeply embedded in people’s lives for good and ill?
The internet has evolved at such an astonishing pace that keeping up can be challenging.
The global Internet of Things (IoT) market size was valued at &595.73 billion in 2023. The market is projected to grow from $714.48 billion in 2024 to $4.1 trillion by 2032, exhibiting a CAGR of 24.3 per cent during the forecast period.
Kenya is expected to witness significant growth in the Internet of Things market (IoT) market.
According to projections, the country's IoT market revenue is expected to reach $670.8 million (Sh87 billion) this year.
We are rapidly approaching a future where connectivity is pervasive and seamless, fundamentally transforming how we connect, gather information, and consume media.
Experts predict a world where accessing information will become as effortless as flipping a light switch, with layers of data seamlessly integrated into our daily lives.
This shift will revolutionise social practices, from dating and job interviews to professional networking and gaming, as well as impact fields such as policing and espionage.
Several firms like Vilcom Networks are at the forefront of this transformation, spearheading innovations that merge mobile devices, wearables, and embedded technology within the Internet of Things (IoT).
This integration will facilitate smooth interactions between people and their environments, enhanced by AI-driven, cloud-based information storage and sharing.
The most profound impact of these advancements is their ability to connect people in new and meaningful ways.
As experts weigh in on the impending technological changes, there is a consensus on several key trends
Global connectivity
We are moving toward an all-encompassing, invisible network composed of smart sensors, cameras, software, databases, and massive data centers.
This global information web, often referred to as the Internet of Things, will create a seamless network connecting various facets of our world.
Augmented reality
Technology will increasingly enhance our perception of the real world through portable, wearable, and even implantable devices, blending digital information with our physical surroundings.
Business disruption
Traditional business models, particularly in finance, entertainment, publishing, and education, will face significant upheaval as new technologies reshape industries and consumer behaviors.
Advanced data mapping
We will witness more sophisticated methods of tagging, databasing, and analyzing both physical and social environments, providing deeper insights and more precise information.
As we advance into this new era of connectivity, driven by the Internet of Things, artificial intelligence, and big data, we will become more aware of our surroundings.
However, individuals and businesses alike must stay informed and adapt to these evolving technologies to fully harness their potential.
The writer is the chief executive officer, Vilcom.
