Internet of Things – Pete Deutschman

If Google has its way, our future will be nothing less than a sci-fi movie. After creeping us out with a robotic cheetah and the Google ‘Glass’, Google is all set to bring forth something really amazing. Google’s Project Soli has invented a new interaction sensor using radar technology that can capture motions of your fingers at up to 10,000 frames per second. And that is something that has never ever been done before. Simply put, this technology is so bafflingly accurate that you could operate any device (fitted with this) without having to even touch it.

Google’s New Project Is So Insanely Advanced It Will Blow You Away

Approximately the size of a small computer chip, this technology can transform your hand into a virtual dial machine to control something as mundane as volume on a speaker, or into a virtual touchpad to a smartwatch or a smartphone screen. Check out the GIF below to get a better idea of how this works.

This chip is actually a miniature gesture radar that captures even the most complex hand movements at close range, at unbelievably hyper speeds and replicates hand gestures. Given the micro size of the chip, it can almost be fitted into literally anything. This technology, if the project is successful, can make the need to touch a device to operate it redundant.

Here, the introductory video.

IoT TECHNOLOGIES WILL CREATE AT LEAST $3.9 TRILLION IN ECONOMIC VALUE BY 2025: A new report from research firm McKinsey projects that IoT technologies will have an economic impact between $3.9 trillion and $11.1 trillion by 2025.

That gulf in the potential value that McKinsey forecasted is because of the variety of factors that could play into the IoT’s economic impact. For instance, 40% of the potential economic value of IoT technologies (about $4 trillion) can only be realized if the issue of interoperability – enabling different IoT devices from different providers to communicate and share data – is resolved, McKinsey said. There are several different standards for interoperability being developed by different companies and consortiums, but no universal standard has emerged that would create that value.

Another major issue that will determine how much economic value is realized from the IoT is the ability to collect, aggregate, and analyze data from various IoT devices and systems, according to the report. The vast majority of the data coming from IoT devices and systems is not collected at all today, and the data that is gathered isn’t fully exploited, McKinsey said. For example, McKinsey found that only one percent of the data being generated from the 30,000 sensors on one offshore oilrig was being analyzed for decisions. The more data that is captured and analyzed from IoT technologies, the more economic value will be created.

The areas where the IoT will have the greatest potential economic impact will be in manufacturing, cities, and healthcare, according to the report. Manufacturing accounted for about a quarter of McKinsey’s overall estimates for economic impact, with the sector creating between $1.2 trillion and $3.7 trillion in value from the adoption of IoT. Cities will gain between $900 billion and $1.7 trillion dollars in value, and the healthcare sector will have an impact between $200 billion and $1.6 trillion.

BI Intelligence estimates that the adoption of IoT technologies will have an economic impact of $1.7 trillion by 2019.

Pete Deutschman

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Tag: Internet of Things

Your hand can now be used to control micro-activities thanks to Google’s Project Soli and Radar

A new report from research firm McKinsey projects that IoT technologies will have an economic impact between $3.9 trillion and $11.1 trillion by 2025.