By 2025,
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the vast majority of the developing world will become connected. When the world’s poor gain access to the web, we will see an astronomic rise in economic growth. A prime example of this economic impact will debut the first-of-its-kind 5G network during the 2018 Winter Olympics in Korea. By the mid-2020s 5G will spread throughout the developed world. Why is this important? An increase in Internet speed requires an increase in data usage, increasing the dependence on smart-phones. This increased usage and dependence on wireless tech will spur a new surge of wireless sales.
THE INTERNET OF THINGS (IOT) Ubiquitous computing, the Internet of Everything, Internet of Things (IoT), they are all the same. At a basic level, IoT is a network designed to connect physical objects to the web, similar to how the traditional Internet connects people to the web through their computers and smart-phones. The main difference between the Internet and IoT is their core purpose. IoT, is designed to excel at allocating Internet resources—it is designed to “give life” to inanimate objects by allowing them to work together, adjust to changing environments, learn to work better, and try to prevent problems. McKinsey and Company, reports that IoT’s potential economic impact could range between $3.9 to 11.1 TRILLION a year by 2025, or 11 per cent of the world’s economy. 119