The Internet of Things (IoT) is becoming more important for consumers and, consequently, marketers.
As Internet-connected devices proliferate, the IoT offers marketers new opportunities and challenges when striving to connect with customers.
To give you a flavor of what the webinar will cover, here are five surprising facts about the IoT which we uncovered while researching the topic.
1. The first IoT device was connected in 1981
While the IoT sounds futuristic, the first IoT device was connected to the internet over a decade before the first WWW browser was launched.
The motivation for the start of this groundbreaking leap in technology was straightforward: Engineers at Carnegie Mellon wanted to know whether a nearby Coke machine had their favorite drink and, more importantly, was it cold?
To address this pressing issue, they connected sensors in the machine to the internet and provided a text-based interface so that anyone with the Coke machine's internet address could, from anywhere in the world, know the machine's contents and temperature.
While it sounds somewhat trivial, this application of the IoT illustrates the basic principle of the IoT. People want to leverage our advances in information technology to know what is happening in the real world, as well as in cyberspace.
2. More IoT devices than people have been connected to the Internet since 2008
Another surprising fact is that while the IoT feels like an emerging internet application, it is now, and has been for some time, bigger than the web itself.
According to a Cisco IBSG report, the number of devices connected to the internet exceeded the number of people connected in 2008, and now it isn't even close.
Current estimates are that there are around 10 billion devices connected in 2018 and that will at least double by 2020.
3. 'Smart city' devices have the largest share of the IoT market
As marketers, we tend to hear a lot about wearables, beacons and other consumer-oriented applications of the IoT.
But, according to a report by GrowthEnabler, the IoT market is dominated by three sub-sectors: Smart cities (26%), industry (24%) and healthcare (20%).
Marketers should take note of this statistic and adjust their IoT strategies accordingly. That is, instead of looking at ways to push marketing messages through consumer technology, they should seek to integrate their product or service into IoT devices in one of these three areas.
4. 'Powerless' IoT devices are now in development
One of the limiting aspects of the IoT is that the sensors required to collect data and deliver it via the internet require electricity. This either means that IoT deployments must either have a wired connection to a power source (somewhat defeating the purpose) or require occasional battery replacements.
Scientists, however, are making great strides in developing 'powerless' IoT sensors which do not require mains electricity or batteries to function. Instead, these sensors are powered by light (such as the one pictured below), heat, vibrations or even radio frequencies.
Marketers should keep one eye on these developments and come up with innovative ways that these fuss-free sensors can be deployed to improve their products or services.
5. There is an IoT hairbrush
Perhaps the most interesting IoT device which we encountered during our research is the IoT hairbrush designed by L'Oreal.
Dubbed the 'Hair Coach', this internet-connected brush uses a microphone to detect hair-brushing patterns as well as sensors which analyze brushing patterns. Data on its user's hair brushing habits is collected, uploaded to the cloud and summary statistics are made available via an app.
Hair audits are conducted after each brushing session and corrective measures, which often include Kerastase shampoo recommendations, are provided to its user.
While the product was announced at CES in 2017, no release date has yet been set for this fascinating application of the IoT!