The idea “Internet of Things” was introduced back in 1999. Nevertheless, it should take almost 15 years for the first things to actually populate the Internet. We are not talking about conventional PCs or smart devices, where Internet access is virtually a matter of course. No, we are talking about things that, not so long ago, would have been completely inconceivable if they had connected to the Internet: cars, the heating control in the basement or even complete industrial facilities. If you think about the financial potential of industrial networking and automation, it is surprising that the development has taken so long. What are the reasons for this?
Many companies were skeptical and therefore reserved. Especially in the industrial environment, innovations of technical nature are time-consuming and cost-intensive. Many entrepreneurs have said that digitization and IoT is just another new hype and no one really needs it. How wonderful the world would be if everyone thought so. We would continue to live in caves and hunger and predators would be the only worry.
But no, not really. Developments were made and after the first lighthouse projects in the field of digitization, more and more companies realized that this is the new big thing. Various projects have been set up and entrepreneurs understood that the Internet of Things is a complex field of activity. Nevertheless, the added value was appreciated. Although data has been collected in many manufacturing plants already for a long time, but their evaluation was often simply too time-consuming to generate real added values. Back then, we were still miles away from real-time.