Please ensure Javascript is enabled for purposes of website accessibility

The Internet of What?! 5 Fascinating Internet of Things Predictions

By Chris Neiger - Apr 14, 2016 at 4:23PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Get ready for everything to be connected to the Internet.

The Internet of Things (or IoT) will bring 50 billion things online by 2020, and connect formerly unconnected things (like cars, conveyor belts, street lights and even manhole covers) to the Internet.

The purpose of all these connections is to automate tasks so we don't have to do as much work -- doesn't that sound great? For example, Whirlpool already sells a washing machine that detects when it's out of detergent and automatically orders it for you through your Amazon.com account. Two days later, it's on your doorstep!

Some of the biggest IoT markets will be connected automobiles and smart cities. To get a jump on the trend, AT&T (T 0.54%) already has 6 million connected cars on the road, and it just signed a deal with Ford to bring an additional 10 million online by 2020. Verizon Communications (VZ 1.00%) is also tapping into the market by considering an unlimited, flat-rate data plan specifically for IoT connections in cities.

The IoT will bring us massive amounts of data that can be used to make nearly every industry more efficient. Check out the video below to find out how the Internet of Things will impact industries, and just how lucrative the opportunity is for investors.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

AT&T Inc. Stock Quote
AT&T Inc.
T
$21.27 (0.54%) $0.12
Verizon Communications Inc. Stock Quote
Verizon Communications Inc.
VZ
$51.19 (1.00%) $0.51
Ford Motor Company Stock Quote
Ford Motor Company
F
$12.72 (2.46%) $0.30
Whirlpool Corporation Stock Quote
Whirlpool Corporation
WHR
$174.44 (3.89%) $6.53

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
322%
 
S&P 500 Returns
116%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/25/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.