Hyper-connectivity: Mobile Devices, the Internet of Things, and Big Data

According to MIT Technology review from Open Innovation Forum and Exhibition that was held in Moscow on 31 October-1 November 2013, there are many ways of exploring and getting involved into the world of mobile devices, the Internet of Things, and Big Data. Here are some facts regarding this theme. 

Global Impact: Mobile devices are becoming universal. The number of cellular subscriptions worldwide has tripled since 2005, to 6.8 billion in 2013, six times the number of landlines, and  there are three times as many mobile broadband subscriptions (2.1 billion) as there are wired data connections. Smart phones and tablets are replacing cameras, books, real-world shopping, and  even traditional currencies. Education is becoming digital, and is increasingly delivered over mobile devices. In healthcare, smart phones are being connected to a wealth of new sensors that monitor users’ vital signs. At the same time, a sea of sensors and devices that human beings seldom if ever touch or interact with are becoming connected in a phenomenon called the Internet of Things. All of these machines are continually creating and capturing data, both structured and unstructured, and these new datasets are generating a new digital economy, defined by Big Data analysis. In every competitive industry—from retail to insurance to healthcare—the most innovative companies are creating new revenue streams and reducing costs by mining client, transaction, and supplier datasets. 

Spotlight on Russia: The country has the largest Internet market in Europe, and a population that is technology-savvy at most socioeconomic levels and in most regions. At the same time, mobile devices are proliferating rapidly as they become cheaper. Although sensors and other devices are not yet part of the Internet of Things in Russia, the large number of people using the ordinary Internet and the growing number of mobile devices will nonetheless present extraordinary opportunities. Russian companies and government entities at every level will adapt Big Data analysis very quickly, given the proliferation of mobile devices and the general sophistication of information-technology services in the country, coupled with the mathematical expertise of Russian analysts. Big Data will make its first and biggest impact in the oil and gas sectors, as well as financial services, because those industries have the greatest need and the most capital. The telecommunications sector will follow. A crucial and unique challenge to Russia will be to navigate how public companies may use the data they have collected on their customers.

Source: MIT Technology Review