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World of Sensors Grows

May 2, 2019

ImageJeremy Rifkin has been one of the authors I have oft-quoted since the 1970s from such books as ENTROPY (1981) and THE EMERGING ORDER (1979). He is president of the Foundation on Economic Trends and has authored at least 19 books on the impact advancing technology has on the global economy.

He recently emerged in the March 15 edition of the New York Times talking about the long-termed effect of the Internet of Things (IoT) in an article entitled, “The Rise of Anti-Capitalism.”

“Now the phenomenon is about to affect the whole economy. A formidable new technology infrastructure — the Internet of Things — is emerging with the potential to push much of economic life to near zero marginal cost over the course of the next two decades. This new technology platform is beginning to connect everything and everyone. Today more than 11 billion sensors are attached to natural resources, production lines, the electricity grid, logistics networks and recycling flows, and implanted in homes, offices, stores and vehicles, feeding big data into the Internet of Things. By 2020, it is projected that at least 50 billion sensors will connect to it.” – Read more …

 

 

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