The idea of a connected future scares some people more than others. The more tech savvy people are, the more optimistic they are, and the less savvy they are, the more pessimistic they are. These are among the findings in a global study comprising an online survey of 190,000 people conducted by Mozilla. Of the survey respondents, more than half (52%) consider themselves to be tech savvy, with 11% of those being extremely tech savvy.
As the number of internet-connected devices continues to grow exponentially, the smartphone retains its position at the top of the list. Smartphone ownership now is virtually universal, well ahead of even personal computer ownership. While 94% of internet users own a smartphone, they also an average of three internet-connected devices, according to the annual global survey of 350,000 internet users aged 16 to 64 conducted by GlobalWebIndex (GWI).
Security is a known concern around the Internet of Things and it turns out that it's quite top of mind for many consumers. So much so, that most say that IoT security should be regulated, based on a new global study. While the majority (54%) of consumers own an average of four IoT devices, only 14% believe they are knowledgeable on IoT security and almost all (90%) believe there should be IoT security regulation.
The smart home devices market is on a tear. Driven by smart speakers, the number of smart home devices is projected to grow 42% a year for the next five years. The number of smart home devices will grow from 42 million this year to 244 million within five years, according to the new smart home devices forecast by Forrester.
When it comes to the number of connected devices, the counts are consistently into the billions. One forecast not long ago pegged the number of connected devices this year already at 12 billion. That projection, by Frost & Sullivan, said the number of connected devices would grow to more than 45 billion by 2023, at an annual growth rate of 20%.
Money has been flowing into virtual reality and augmented reality, with the latter now catching the eye of investors. In the last 12 months, $1.8 billion was invested in AR and VR, according to the latest tracking numbers from Digi-Capital. However, the last quarter marked the start of a transition from VR-driven investments to the new mobile AR market
The adoption of artificial intelligence is well underway but many execs expect some roadblocks ahead. There's a lot of enthusiasm and optimism for AI, most notably as a potential competitive advantage. For example, after deploying AI for various online advertising function, lingerie retailer Cosabella learned plenty of lessons and adapted and modified from there. Any business that doesn't start using AI in at least some area will be missing that learning and find themselves behind.
Artificial intelligence may mean different things to different people, but that isn't stopping some businesses from moving full steam ahead with it. AI has become somewhat of an umbrella term covering a range of technologies, including natural language processing, machine learning, computer vision and deep learning, among others. Intelligent assistants like Amazon's Alexa, Apple's Siri, Microsoft's Cortana and Google's Home all are viewed as using AI, to one degree or another.
Smart technology to get shoppers out of stores more quickly is coming. However, it's coming less like a freight train and more like a glacier. Smart checkout can comprise different techniques, such as totally checkout-less shopping, cashier-based automatic payment and automatic item scanning and bagging, according to a new study by Juniper Research.
Prediction for the next year and beyond are starting to come out, in addition to the numerous research forecasts of various IoT-related devices to be shipped and bought. One of the recent set of predictions highlighted a distinct focus on artificial intelligence. Differing levels of AI have been popping up in the marketplace for some time, most notably at the last CES show in Las Vegas where Amazon Alexa linkages were announced at almost every turn.