By now, probably everyone has heard the term IoT (Internet of things) at some point in their lives. According to Gartner, the technology research firm, “We’ve reached peak hype when it comes to the Internet of Things.” In its annual report, Gartner analysts write that the lower costs of the technologies that enable connected products allow many companies to experiment with the IoT. Security concerns, an unclear business model, and no standard operating system still limit the rate of adoption of IoT in a large magnitude of products.
According to ex-Samsung CEO BK Yoon, IoT is arguably the most important topic for the industry right now. Not just Samsung, every other major company in the world is trying their hands out on IoT. Apple has got its HomeKit, and Amazon has its IoT assistant Alexa. In their developer conference 2020 (Google I/O), tech giant Google announced the launch of an android based operating system called Brillo to bridge the inconsistencies in IoT platforms.
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Initially, new technology enters the cognizance of the masses with low prospects, which slowly rise as the implicit becomes clear. Quantum computing, holographic displays, and human augmentation are each at that period in the cycle.
Ultimately, prospects hit an all-time high. Technology is predicted to unriddle nearly every problem known to humanity. The internet of things, autonomous vehicles, consumer 3D printing, and wearable computing are all inventions that Gartner thinks are currently over-hyped.
The next stage in this cycle is what Gartner calls the trough of disillusionment. The period when people realize that the technology is never going to perform as competently as its advocates hoped. Examples include gamification, augmented reality, and near-field communication. Therefore, in conclusion, IoT is truly over-hyped but it would be unjust to say that IoT lacks the potential to live up to its current, highly hyped state.
