Estate Living Magazine Develop - Issue 44 August 2019 | Page 34

I N V E S T & d e v e l O P CONNECTIVITY–THE ESSENTIAL BUILDING BLOCK FOR SMART MOVEMENTS The future of ‘Smart’ everything – leveraging digital technology to do just about anything more efficiently – is inextricably linked to our ability to ‘connect’ via the internet. ‘Smart’ anything and ‘Smart’ everything will depend on a frenzied exchange of data with, within and between people, entities, things and machines. The actual connection required for this exchange – in terms of speed and accessibility – will be as critical as available and adequate bandwidth is, or we risk losing out on the next wave of the internet. The Fourth Industrial Revolution is what the gurus the world over are calling this next wave. The first wave of the internet was connecting people to data via the world wide web in the 1990s; the next wave was about connecting people to people, via email, Facebook and Twitter in the 2000s; and now we’re connecting people to ‘things’ and ‘things to things’ without people necessarily getting involved in the transaction. The technology industry calls this part of the wave ‘the Internet of Things’ or, more dryly, ‘machine to machine’ communications. But this is just one of the prominent use cases in the Fourth Industrial Revolution. Some of the other use cases currently leading the charge are artificial intelligence (AI), virtual reality (VR) and the smart city concept. We’ve all heard that the potential applications are endless: exchanging speed and proximity data, cars could automatically avoid or moderate collisions; a wrist-worn heat monitor could continuously communicate with your doctor’s system, only alerting you and your doctor if needed; a farm irrigation control system could communicate with a local weather station to automatically save water prior to a rain event. In addition, local capabilities such as e-Government, health, education, security, agriculture, municipal management and other sectors, will play a major role in delivering efficiency and efficacy into the system, and streamlining the processes and parameters required to allow us as a country to grow and