Internet of everything
Internet of everything

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Internet of everything

4.2.16 Growth relevance to IoE

Moore's law allows organisations to make a rough estimate as to the computing power of machines in the future. The exponential growth in computing power allows us to make an estimate as to how long before the technology is ready and available at a reasonable cost to consumers. This allows organisations to not only plan for their own technological advances, but also to predict the advances of their competitors.

Metcalfe's law is useful for business managers to calculate the optimal number of interconnections between nodes. They must complete a cost-benefit analysis because the number of connections increases both costs and benefits.

When the cost of sensors used in the IoE becomes low enough, the benefits of more meshed networks are realised. Currently, most IoE implementations rely on controllers and gateways to aggregate the traffic between IoE end devices. These types of IoE devices incorporate many-to-many designs, as described by Reed’s law.

These principles allow organisations to better predict and plan for future needs and opportunities.

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