The United States has produced hands down the world's most powerful economic force. And most experts agree that three separate economic "revolutions" have been the catalysts for this success:
- The introduction of steam engines and railroads…
- The widespread use of electricity and the combustion engine… and more recently…
- The invention of the computer and the internet.
All three created massive opportunities for economic growth. Not just for the companies behind the innovations. But also for average Americans, whose wealth grew exponentially from the revved up economic conditions the new technologies spurred.
Today, a fourth revolution is underway. I'm talking about wireless communications. The interconnectivity of everybody. And everything.
We are still in the early stages. But make no mistake: This new revolution will prove to be every bit as powerful as the previous ones. Even more so. And it will soon re-establish America's role as the dominant global economic powerhouse.
The fact is it's already happening. As we speak profound changes are happening in the way people, businesses and, indeed our, our entire society interacts.
When you think of "connected" devices, you probably picture that new
smartphone you just bought, or maybe your Apple iPad.
But you're thinking too small – way too small, in fact.
Sure, these devices are essential to this new revolution. After all, they are breaking the new technology wide open, and bringing the wireless revolution to the masses. And they will continue to play a tremendous role in the future.
But what is happening – and what is about to happen – goes far beyond what you can hold in your hand today.
By 2020, there will be 50 billion connected devices in use worldwide.