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This is basically this decade summarized. The bubble will burst. You can only create value from nothing for too long before you over extend.
Dark magic involved
LMtx3933y@runfrodorun the true asset is the data gathered by IoT devices, then you use ML to extract value from raw data.
No, IoT is not a bubble but a few understands it.
@LMtx it is though. So just because something is a bubble does not mean it has no real value. But what happens is you end up with gigantic business research from companies like google and Apple get sunk into something like this, disgruntled employees and other adventurers spin off their own iot businesses who's customers are other iot businesses, people act on novelty rather than practicality, the data only has value if it can generate revenue and then all of a sudden people realize there's a much simpler approach then this and the business evaporates overnight.
Think of how app stores are flooded with ad supported apps. Stops working once there are so many apps that your download rate tanks. Or the internet bubble. People thought this is a new world and you need to stake your territory. Then they learned it's just the goddamn internet and nobody cares if your company owns a /8 block.
It will burst because the size of r&d will eventually exceed its revenue potential. Everyone is
@LMtx blindly throwing unbelievable amounts of investment at it because they're blinded by its proven value and think that it is limitless. But there are real world factors. Whether we are in excess now is debatable. But we are on track to overdo it.
Just basic economics, this happens every decade. And everyone I've seen doing iot development is of little consequence and they all seem to think they can become billionaires off of it like one or two people did. The stocks become worth nothing when the sales reports roll out ;) or the business simply becomes a time investment black hole without an IPO
LMtx3933y@runfrodorun Thx for your input. In the world I see right now everyone and everything has it's own digital representation. That is why the information is and will remain the highest value. IoT is just one of many ways to extract data from "real world". Then you use Big Data clusters and Machine Learning to convert data into information. Remember that information always was valuable asset (even in the ancient times). Nowadays the demand for this good is bigger than it used to be because you can use this it in many different ways (most of them were not available in the past 10 years). You do not have to take my words for granted but I've been working in this area for some years now. (It is not only about simple recommendations or advertisement).
@LMtx you know what inevitably happens though: a renaissance always arrives where the data becomes worth substantially less very suddenly. Nobody ever believes it's possible until it happens. A la housing crash of the USA of 2008, Black Friday (1929), internet bubble, all those people were positive that they were dead on in their valuations. From my perspective, the data seems like a weapon which is what makes it valuable. There are many seen and unforeseen circumstances which can rapidly change; either the public sees it as a weapon and starts falsifying information like crazy (like I do), or the novelty (which it is hard to estimate what sort of factor it plays) wears off, etc. But the point is you can be as sure as you want until the bubble bursts.