What do a basketball, a coffee machine and a parking lot have in common?
They are all dumb objects that will soon be plugged into the Internet to talk not only to us, but each other as well, in an imminent reality known as the ‘Internet of Everything’ (IoE). What am I talking about?
Imagine this.
You practice your shots on the basketball court. In real time, an app on your smartphone measures the dribble force/speed, shot speed, shot backspin and shot arc of each shot.
You wake up, get dressed, go downstairs and are greeted with a steaming cup of coffee that started brewing after talking to your alarm clock.
You’re driving around looking for a parking lot but they all seem taken. You stop the car by the side of the road and wait for a little while. Soon, a notification on your smartphone lets you know where a parking lot has just freed up.
According to Jim Chambers, CEO of Cisco Systems, the IoE is our imminent reality. The basketball example? It’s a real product, much like many others, that are beginning to transform the way humans interact with the objects around us. Dumb objects like a ball, a table or even just a pill container will soon be able to relay information to us via sensors and microchips.
For investors, this seems like the perfect opportunity to jump in, and rightly so. Money-makers and analysts are touting the IoE as the next big thing, and a great “stomping ground” for investors. However, does it sound too good to be true?
In this article, we break down the good, the bad and the ugly of the IoE for the wise investor, and give you an aggregated view of which stocks, if IoE is as successful as Cisco claims, are tickling the fancy of financial experts around the globe.
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