Matt Asay over at ReadWriteWeb has an interesting piece that’s worth reading on the (coming) shortage of qualified application developers engendered by The Internet of Things.
Asay cites a new report out from the firm VisionMobile that projects a shocking 57% CAGR (compound annual growth rate) in developers between now and the end of the decade. Much of that will be driven by opportunities in the IoT.
Like past gold rushes, the riches in the IoT gold rush won’t go to the “miners” (read: thing makers) but to their suppliers – the 21st century Levi Strauss’s of the world who figure out a way to “stitch” Internet enabled devices together, Asay writes.
In other words: value in the age of the IoT is created not by generating data, but by making sense of the (low value) data spewed out by billions of connected devices. (This isn’t exactly ground breaking – in fact: it jives with what lots of other folks are starting to say.)
The key challenge – as in the PC wars a generation ago – will be to attract developers to your platform. Winning a critical mass of developers who create new products to your specifications will add huge value to your platform and everything else that connects to it.