From Malcolm Maiden:
The Internet of Things is “billions of connected devices from vending machines to mining equipment, aircraft engines and their componentry, agricultural sensors and cars,” [Andy] Penn said in his first keynote speech as Telstra CEO in July last year.
It both offers opportunities and poses threats. Penn mentioned in his first speech for example that a Committee for Economic Development of Australia report on Australia’s future workforce had estimated that almost 40 per cent of the jobs that exist in Australia had a moderate to high likelihood of disappearing in the next 10 to 15 years.
“Machine learning is the biggest driver of this because of its implications for the service industry,” he said. “In future, many traditional services type activities will be done by computers more quickly, more cheaply and more accurately.
“New jobs will be created by the Internet of Things, too of course. We just don’t know yet exactly where they will be…..”