Here’s an interesting thought: what if we’re wrong about the internet of things actually being a big thing? It’s certainly possible, and although the industry is boom there are also many hurdles that it will need to overcome to achieve its projected 15 trillion dollar market capitalization. According to one study, executives are split over whether or not industry will take off like it is projected to do. Some executives seem to think the barriers to entry are too great, while others simply think that humans won’t find utility in the internet of things. The second notion is more interesting to me. All new tech trends have barriers to entry that can end them, but the hype cycle is something that has taken priority over our collective consciousness. Is the internet of things happening just because industry executives want it to? It’s a skeptical way to look at it, but while researching smart objects for this blog I have found myself thinking on numerous occasions that some of these startups simply don’t need to exist. There are some wonderful products being made, but this article does have me wondering if we’re experience the dotcom bubble 2.0. The underlying principle that will determine the movement’s success is how much utility a device being connected with the internet can truly provide a person.
Dear valued readers,
As part of our digital marketing group project, this blog was set up with much excitement and passion about our two key topics : smart objects and technology industry trend. Our group aims to leverage current market information about latest smart objects and analyze their potential implications on our daily lives.
Our Fall 2014 semester is coming to an end and we would like to really thank you (all of our viewers) for giving us a chance to write interesting contents for you. We also appreciate all companies that have their products discussed in this blog. Although we will not be posting posts as regularly, we will still be posting about outstanding smart objects or tech articles occasionally so please stay tuned. Additionally, we will be accepting posts from guest writers which we will screen and publish should their content match our topics. This way, the future of smart blog will capture different valuable perspectives on smart objects, their implications and the tech industry trend.
If interested to send a submission, you can reach us at our Facebook or Twitter page:
Once again, we thank you for your valued support. We hope that these information that we have created in the last quarter of 2014 will be of use to many of you interested in these subjects. As the future of smart objects is a topic that captivates many, we look forward to receive interesting blog post submissions from you.
———————– The Future of Smart Team ———————– (From left: Garrett, Sam, YangYu, Prof. Novak, Alex, Verisia)
The Future of Smart Team———————————————————————————————– George Washington University —————————————————————————————–Washington DC—————————————————————————-————————————–
A large portion of the products that we have posted on this blog have been funded through Kickstarter projects. It should be known by all consumers that a Kickstarter marketing video and page, while impressive, do not always guarantee a satisfactory product. Let’s let the Ring by Logbar be a warning to all consumers and enthusiasts of smart products. In the video posted above, the reviewer calls customer support and reports that his product only works as desired 5-10% of the time. That is a ridiculously low percentage for functionality. And what does he hear from support? That is the average functionality of the product that consumers are experiencing. Outraged, the reviewer continues to illuminate the rest of the product’s bugs. The simple light to indicate that the product is even on does not even work most of the time. Also, the application has to be open on the phone for the finger gestures to even work. This is all in addition to the clunky design of the ring that is highly uncomfortable. The kicker? The Ring is a $260 product. Clearly, there is some risk in the enthusiasm that Kickstarter can bring to developers that aren’t capable of delivering. To sum it up, /u/kingofeggsandwiches puts it very eloquently why this whole business is risky
“Wish people would be realistic with crowd funding. It’s gone to the dogs completely because all you have to do is make some graphics and a cgi design video of some completely unrealistic product and boom cue nerds handing over a million dollars for your pipe dream. I wish people would think “is this the type of thing a small tech start up can realistically produce”, hell I see stuff on their all the time that would take multinationals like Sony or Samsung with a nigh bottomless money pit a few years of development to get right, do you think a small crew working out a garage space in San Francisco is going to do a better job?
People have become suckers for the idea that a few guys with a dream can have a bigger impact and produce something better than a billion dollar company, it’s romanticism at its worst. Crowd funding is is great for quirky small to mid level projects that naturally have a hard time getting funded for being outside the box and frankly not worth the risk from big companies. It’s not a place were serious high level projects go instead of proper investment, the people who want to do that go to real investors and get investment because their ideas are not only good but also feasible. Just look at /r/shittykickstarters to see how ridiculous it’s become.”
While Google is working hard to bring the first unmanned car to the market, the search engine giant in China, Baidu, takes the bike to another level through Dubike, the smart bike.
The unmotorized bike is equipped with technology that sensors all the bio data and fitness data, which will be sent to a mobile app. What’s even cooler about this smart bike is that the bike is designed to convert kinetic energy into electrical energy so that you can charge your devices while riding your bike. Two birds with one stone!
Will Dubike charms the Chinese customers still remains unknown. However, we can already see how connected smart objects change our life.
It’s that time of the week. Check out this week’s most popular posts below.
Read about Mother, a smart object that has a place in every home. Learn about it here.
Black Friday Picks
Check out our Black Friday Smart Object picks for 2014 here.
New York City’s Smart Payphones
Learn about New York City’s ambitious plans to reinvent the payphone here.