From the Internet of Things to an Economy of Things

Credits: IBM & Oxford Economics New York and London.

Thanks to the Internet of Things (IoT), physical assets are turning into participants in real-time global digital markets. The countless types of assets around us will become as easily indexed, searched and traded as any online commodity.

While some industries will be tougher to transform than others, untold economic opportunities exist for growth and advancement.

The greater the degree to which a marketplace depends on information and actions in the physical world, the lower the impact.

The widespread availability of personal computers and mobile phones brought liquidity to markets in information and for anything that could be fully represented, bought or sold entirely online, including: music, movies, traffic information, weather, news, stocks, bonds and even airline tickets. The easier it was to digitally represent the item, the faster a liquid market emerged to support that commodity.

What are the means by which the IoT will transform industries?

The authors of this amazing paper assume there are three vectors of disruption from the IoT:

Asset marketplaces | Risk management | Efficiency

Discover more here