Specific Benefits

　　The IoT will allow people to track things and processes like never before. Airplane manufacturers will be able to continuously track the condition of airplane parts, allowing them to do preventive maintenance and avoid costly downtime. Consumers could install smart meters in their homes to monitor energy usage and observe energy price changes in real time. That would allow people to adjust their habits and use electrical appliances during lower-priced hours.

　　Some Fears

　　Some critics fear that the IoT could end up being a fashion that people lose interest in over time. Having Twitter feeds on refrigerator doors may sound cool at first, but the attraction could fade as quickly as the excitement over last year’s smartphone! Other critics are doubtful that companies making Internet-connected appliances will provide long-term software updates. If that happens, a refrigerator or washing machine that should last 10 years or more could last two or three due to software that’s outdated.

　　A Positive Example

　　Early this year, owners of the Tesla Model S electric car received a recall notice alerting them to a charger plug needing to be fixed. Amazingly, owners of the Model S sat back while the company performed an “over the air” wireless update. Customers confirmed the update by tapping on the car’s touchscreen console to see that the Model S was running the latest software version. No trip to the dealer was required!

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