I expect that one of the biggest impacts we will see with the Internet of Things will be in the field of Smart Cities. So much of our city infrastructure and transportation infrastructure is largely based on technology from the 70s and 80s. It’s almost like the city infrastructure world completely missed the Internet revolution.

The Internet of Things could provide the world of infrastructure with the opportunity to catch up to other modern industries.

"Very soon, every device you interact with will be connected and people will be unable to really remember or imagine a time when that wasn’t the case."

Adapt or fall behind

Across all industries, however, I believe the potential for the Internet of Things is at least as great, if not greater, than the level of change we have seen since the advent of the Internet. The biggest danger for companies is going to be underestimating this potential and being left behind.

I remember in 1995 I saw the World Wide Web for the first time and thought: “No one is ever going to use this. What’s the use case here?” That’s not something you can afford to think this time around.

Just as I can now pick up my phone anywhere in the world and access the entire wealth of human knowledge through the Internet, I believe that the Internet of Things will likewise quickly go from being a novelty to being absolutely ubiquitous. Very soon, every device you interact with will be connected and people will be unable to really remember or imagine a time when that wasn’t the case.