Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 14 February 2014 09:57

Cisco sees $19 trillion opportunity in Internet of Things

Written by Peter Scott



Wearables are hot too, but people lose interest fast

Cisco CEO John Chambers thinks the Internet of Things is going to be, well, a thing. Chambers told the Goldman Sachs Technology and Internet Conference that Cisco started working on IoT technologies six years ago.

He believes the infrastructure behind the Internet of Things will be massive. Chambers estimates IoT could become a $19 trillion market over the next few years with $2.9 trillion for manufacturing alone. Needless to say, Cisco believes it is in a good position to make a few bucks on IoT, as it remains a network powerhouse.

In related news, wearables are slowly going mainstream, but according to a new survey by Endeavour Partners, there is a problem. Although consumers don’t mind buying wearable tech, many of them appear to lose interest in them.

The survey found that most wearables in the wild today are fitness trackers like Jawbone or the Nike Fuelband. They are quite useful and practical, but many consumers simply lose interest in a matter of months. Users point out wearables are easy to lose or break, yet they are hard to sync with other devices and their battery life is poor. Many also find them ugly and uncomfortable – but more importantly many users say they simply don’t provide any material benefit.

That is the crux of the issue. Smartphones are basically the Swiss Army knife of gadgets, they can do a lot of things and people always have them handy. They can be used as fitness trackers, cameras, music players, navigation devices and much more. That is why they wrecked the audio player market, and then they went after compact cameras.

However, wearables do the exact opposite – they force people to carry around more devices instead of less. The trouble with most of them is that they are very specialized and only have a handful of applications. In other words they are a tough sell, especially now that people have ditched their iPods, pocket cameras and various other gadgets in favour of smartphones.

Peter Scott

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments