The Wall Street Journal recently published an Op-Ed piece by Andy Kessler (author of Eat People and Running Money, and other books) on what new technologies today will really change the world.
Many of the ideas had to do with how sensors would open up new possibilities. The 5 ideas that had to do with sensors are:
- Sensors in buildings and infrastructure to detect problems ahead of time and allow much larger building and projects.
- Daily (or more frequent) satellite images of the earth to allow more efficient farming. We’ve seen this already being used to better detect demand shifts.
- Self driving cars (and trucks) and smart roads (to talk to the cars and the old-fashioned cars with drivers to alert them of danger or when they are straying out of their lane).
- More efficient train and air control- saving time and fuel and increasing safety
- Better monitoring of your health. The fitbit, Apple Watch, and Nike FuelBand are just the start of this trend.
The sensors are one part of the story– analyzing the data coming from the sensors is the other part. It is an exciting time to be in the field of analytics.