|Code Halos in IOT|
So how big is the economic impact?
The Wikibon research ‘Worldwide Industrial Internet Analysis Projection, 2013’, estimates Industrial Internet technology spending at $514 billion and value delivered at $1.3 trillion by 2020. Recent IDC research cites “Explosive growth in cloud and number of Internet-connected devices is expected to propel the Internet of Things market globally to $3.04 trillion in 2020”.Related: IOT-Internet of things basics-part:1
Thus, the potential of Code Halo opportunities led by IoT is gaining unprecedented traction and is expected to drive unparalleled growth across industries. While IoT lays the foundation for Code Halos; the technology industry would undergo a sea change in miniaturization of sensing and detection, embedded digital processing, SMAC, and communication. Each would have varying levels of complexity, maturity, market adaptability, and service impact based from one user or industry to another.
Code Halos through IoT combines technology, individual, and public interests to take us to the next giant leap in the Internet-led revolution that will change business models, technology focus, and customer experience affecting daily lives. Improving real-time or near real-time sensing and data processing, enabling intelligent task execution, and simplifying communication introduces the unique value proposition of supporting almost anything anytime, anywhere – the new digital computing paradigm.