Internet of Things: Is it a bubble or a technological revolution?

For the Internet of Things as an extension of the Internet, it naturally follows the general principles of the network economy. As a new thing, the Internet of Things does not have some basic conditions for its current development environment; however, in some cases people need to increase the scope of his ability control, and an important role of the Internet of Things is to increase people's ability control. range.

"Foam" - this is a familiar voice. In 1995, the listing of browser maker Netscape officially opened the curtain of investment in the Internet boom, followed by the crazy speculation of the capital market on Internet companies.

At that time, there was a cartoon saying that several beggars were begging in New York, and people passing by gave them some coins from time to time. One of the clever shackles is different. He hangs a sign on his chest, which only says ".com", and he receives a cash check one after another.

Burning money is a new term coined in this context. One such situation is the Internet bubble that was mentioned that year.

In March 2000, the Nasdaq Composite Index, which is dominated by technology stocks, climbed to 5048, and the Internet economy bubble reached its highest point. The dotcom bubble began to burst on March 10, 2000, and the Nasdaq Composite Index climbed to 5048.62, more than double the number a year ago.

The bursting of the dot-com bus bubble caused the technology company represented by .com to evaporate about $5 trillion in market value in the short period of more than half a year from March 2000 to October 2000.

In fact, the Internet bubble refers to an investment bubble. For investment, the bubble is only related to the enthusiasm of the investment, and has nothing to do with the object being invested. Even the best investment investors face a crazy investment, there will be a so-called bubble.

Take Microsoft as an example. It is undoubtedly an excellent investment target with good prospects and good revenue. But if fanatical investors fire Microsoft's share price to 100,000 yuan, then Microsoft will become a bubble in the capital market.

From an industry perspective, there are still different voices. Many people believe that the timing of the Internet of Things is not yet mature. In fact, this is the result of observing the Internet of Things from a narrow perspective.

The objection of the conclusion is the result of different observation angles

I think that the time to start the Internet of Things is not yet mature. It is to evaluate the Internet of Things from the perspective of whether a company that is a production unit should enter a new field. From this perspective, their views are justified.

Just as our country has established a development zone, the first thing to do in the development zone is to build the basic environment, including water, electricity, access, and land. If even the hydropower has not been opened, it is obviously unrealistic to say that this development zone is a fertile land suitable for investment.

For the Internet of Things, what we lack now is such an objective environment suitable for development, mainly reflected in the following aspects.

First, the standard issue has not been resolved. This is equivalent to a game without rules, not only makes the entrant feel overwhelmed, but also hides huge risks. The initial investment is likely to disappear because of the standard changes.

Second, there are still huge obstacles in terms of hardware devices. This is mainly reflected in the fact that various sensors have not entered a virtuous cycle, both technically and in terms of cost, and these depend on the market for cultivation.

Again, it is also difficult in terms of software. The key technology of data processing, artificial intelligence technology, is far behind the requirements of people at the current level.

More importantly, the concept is still under the guidance of a separate, independent and closed mind. Without versatility and interactivity, there is naturally no need for interconnection. Who will access an endpoint that has no effect on itself?

A major feature of the network economy is economies of scale. A large number of users and a large number of applications are prerequisites for the utility of the network economy to be exerted.

For the Internet of Things as an extension of the Internet, it naturally follows the general principles of the network economy. As a new thing, the Internet of Things does not have these basic conditions in terms of its current development environment. Therefore, the Internet of Things is considered to be an advanced concept and understandable.

Practical IoT needs

If we look at it from the perspective of demand, it will be another situation. Do you like to use old-fashioned touch-screen TVs, or do you prefer to use a TV with a remote control?

I'm afraid no one will choose the old-fashioned TV sets that want to get up from the warm bed, walk to the TV, and press the channel selection button to switch TV channels. Everyone will choose to turn on the remote control of the TV in the bed to enable the TV to switch channels.

This example illustrates the need for people to increase his ability to control the range, hoping that his ability to expand to a larger space and geographical area. An important role of the Internet of Things is to increase the range of people's ability to control.

For example, our real-time scheduling of vehicles carrying out transportation tasks through the Internet of Things is an example of increasing the scope of our capabilities. It narrows down the distance of the space.

Due to the tangible demand for Internet of Things, the development of the Internet of Things has a solid foundation.

The improvement of the objective environment is not waiting for

Take the familiar Internet industry as an example. In the early stage of Internet development, there is no good development environment like this, there is no strong technical support means, there is no foreseeable profit model, and there is no support from the majority of user groups. Some are just people's tangible demand for the Internet – expanding the range of capabilities, from this point of view, similar to today's Internet of Things.

It is in this environment that the pioneers of the Internet have gone forward, and environmental, technology, theory, and profit models have plagued the development of the Internet, and have been gradually solved under the support of demand. The rewards are the list of IT heroes such as Yahoo, Amazon, Baidu, Alibaba, and Tencent.

The current Internet of Things is similar to the beginning of the Internet development in the past. If there is no warrior who dares to innovate, the Internet of Things will undoubtedly become the flower in the mirror. Pies don't fall off the sky by themselves.

Under the support of demand, most of the problems facing the Internet of Things are now overcome. Technical problems can be solved through innovation; cost issues can be solved by scale; number of users can be solved by increasing the application; business model problems can be solved through practice.

Compared with the development of the Internet, the current environment of the Internet of Things can be said to have been greatly improved. After all, we have the experience of successfully mastering the digital economy, and have the experience of successfully utilizing the characteristics of the network. Under the guidance of these experiences, the Internet of Things can be less detoured in the whole process of development.

Therefore, we have reason to believe that instead of the Internet of Things being a bubble, it is an opportunity, whether it is for a country, a company, or an individual who is interested in starting a business. Of course, the Internet of Things in the Internet of Things has a big storm, and the reef rapids are densely covered. If you don't pay attention, you will lose your blood. Profits are always proportional to risk.

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