The Internet of Things is officially a Big Deal. You know the story: Machine-to-machine networking is poised to unlock $19 trillion of economic opportunity over the next decade, and companies are lining up to claim a slice of that enormous pie.
But you don’t know the whole story. I mean, nobody does.
On that note, I’m here to expand your view of the IoT market just a little bit. Along the way, you’ll get a better feel for how technology giants such as Cisco Systems (NASDAQ:CSCO), Amazon.com (NASDAQ:AMZN), General Electric (NYSE:GE), and Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) fit into the big picture.
Many medications require their users to stick strictly to the correct dosage schedule. When missing a dose isn’t an option, the Internet of Things can help you remember.
Small companies have come up with various digital tools to help us manage our medication schedules, keeping the prescribed schedules on a central server. Internet-connected pill bottles can report when you take a pill, and light up warning signals when you forget. Some solutions even include a “refill” button right on the bottle cap, making it easy to call up your pharmacy when supply runs low.