[New Tech Trend - Ubiquitos & Internet of Things]
We have to understand these two words for getting better life in future.
According to every credible source we can find, there are almost 3 billion people connected to the public internet right now; by 2020 the number will approach 4 billion. According to Cisco, by 2020 there will be over 50 billion connected devices in the world. Some people like to call it the "Internet of Things," others call it "Machine 2 Machine" or "M2M." No matter what you call it, these are unimaginably large numbers of people and devices all connected.
Think the tech bubble is going to burst? Then put your money where your mouth is.
As early-stage startups capture millions within months of launching and receive sky-high valuations despite little to no revenue, those in tech have been sounding warning bells.
But Sam Altman, president of elite Silicon Valley accelerator Y Combinator, says he doesn't subscribe to this belief.
In a blog post. Altman acknowledges that yes, there have been some unreasonable early-stage valuations, but those are insignificant compared to the larger market.
"It's a small amount of capital and still nothing I would call a 'bubble,'" he wrote. He admits that he's "pretty paranoid" about bubbles -- yet he feels very hopeful about the future of tech.
And he's willing to bet on it.
He makes three bets on the future of tech five years from now.
