Over-the-top headlines and estimates of the size of the IoT market create more confusion and skepticism about hype than a real understanding of how big the market really is. There needs to be a framework for understanding IoT market size.
When two technology researchers said they had wirelessly hacked a Jeep Cherokee through its internet-connected system, taking control of the engine, brakes and even steering under certain conditions, automakers scrambled to reassure customers that security was a top priority.
The Internet of Things (IoT) may be more significant in reshaping the competitive landscape than the arrival of the Internet. Its productivity potential is so powerful it will deliver a new era of prosperity.