Computers to be thrown in washing machines

MUMBAI, INDIA: According to Gartner, Inc. the economic Impact of the Internet of Things can be gauged well now.

In 2009, there were 2.5 billion connected devices with unique IP addresses to the Internet, most of these were devices people carry such as cell phones and PCs. In 2020, there will be up to 30 billion devices connected with unique IP addresses, most of which will be products.

This creates a new economy. In fact, Gartner predicts that the total economic value add for the Internet of Things will be $1.9 trillion dollars in 2020, benefiting a wide range of industries, such as , healthcare, retail, and transportation.

"Computing power will be cheap and covert. We won't know it is there; it will be in our jewelry and in our clothing," Analyst Peter Sondergaard said. "We will throw more computers into our laundry in a week than we've used in our lifetimes so far."

"Digital changes the IT market in a big way through the Internet of Things," Sondergaard said. "In the technology and telecom sectors, revenue associated with the Internet of Things will exceed $309 billion per year by 2020."

Mobile smart devices have taken over the technology world. By 2017, new device categories: mobile phones, tablets, and ultra-mobile PCs will represent more than 80 per cent of device spending. Gartner also forecasts that by 2017, nearly half of first-time computer purchases will be a tablet. Therefore, Sondergaard said mobile is the destination platform for all applications.