I haven’t owned a TV in 20 years. I don’t watch the Super Bowl or The Bachelorette or Dancing with the Stars. I estimate that over these 20 years, choosing to have no TV in my house has given me 262,800 hours of time to spend time on my life’s passion — understanding markets and learning about new technology each and every day.
On average, I am reading, thinking and writing about markets and technology trends for eight to 10 hours each day. Spending this much time reading about markets and technology is what gives me incredible insight to see big tech trends before everyone else.
And right now I’m seeing what I believe is the greatest tech trend of my lifetime. It’s more than a trend. It’s a revolution … and one that could be the greatest for investors in human history.
This revolution is called the Internet of Things (IoT). Some people are even beginning to call it the Internet of Everything.
That’s because this revolution is going to connect every single thing you can imagine … roads, pipes, houses, windows, cars, streetlights, clothing, medical devices, big machines in factories, robots … to the Internet.
And the enormous reach of the IoT is going to create some massive opportunities — and massive profits — for the companies that are positioned to be leaders of this new technological wave.
Internet of Everything – The Inner Workings of IoT
Some of you may not have heard about the IoT revolution that’s going on right now. So, I’ll just lay out how this technology works.
The first step in this technology is where sensors (essentially tiny microchips) are imbedded in … well, just about everything. These sensors are specialized for the particular environment in which they will work as well as for their purpose. These sensors are capable of tracking, measuring and monitoring data.
This data can be a wide range of information from temperature to usage levels to weight to light readings. They can even track a heartbeat or movement. There are thousands of other categories of activity.
The second step is the transmission of these trillions upon trillions of data points. These data are sent through wireless communication networks to computer storage systems, which are referred to as cloud computing.
The third step is the analysis of this data, turning it into actionable information. Once stored, this data is analyzed to find trends and correlations, creating usable information.
For example, the collected data might show how a machine operates when it heats up to a certain temperature. The machine operator can then use this information to determine the optimal way to run it so that production is maximized while potentially reducing energy usage or even increasing safety.
Now imagine these steps being applied to more than just a factory machine, but to health care, transportation, the usage of natural resources, food production and even the energy efficiencies in our own homes.
These data-driven informational insights that increase efficiency and save money are the key to the IoT.
Internet of Everything – The Data Explosion
The raw material underpinning it all is data.
Each and every day we are creating the equivalent of four Eiffel Towers worth of Blu-Ray Discs worth of data. That’s 2.5 quintillion bytes of data.
What’s more, 90% of all data that’s ever been recorded has been created in the last two years — a clear sign that the IoT revolution is well under way.
Even though you aren’t hearing much about it right now in terms of the stock market, it’s just a matter of time before it begins to be ALL you’re hearing. But at that point … it’ll be too late for investors.
People who got in early will have made incredible gains of 500% or even 1,000% in the key stocks that are participating in this revolution.
Readers who followed through and bought these from the first time I recommended them are up 7% and 20%, respectively, on these exchange-traded funds (ETFs) already. The S&P 500, by comparison, is up about 5% this year.
And a $5 IoT stock that I recommended in June to my Profits Unlimited readers is already up 39%. That’s nothing compared to the 900% upside that I’ve projected for it because of the enormous potential of the IoT.