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Technology Stocks : Investing in Exponential Growth
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From: Paul H. Christiansen8/23/2016 4:15:14 AM
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The Internet of Things Is Here, and It Isn’t a Thing

Everyone is waiting for the Internet of Things. The funny thing is, it is already here. Contrary to expectation, though, it isn’t just a bunch of devices that have a chip and an internet connection.

The killer app of the Internet of Things isn’t a thing at all—it is services. And they are being delivered by an unlikely cast of characters: Uber Technologies Inc., SolarCity Corp., ADT Corp., and Comcast Corp., to name a few. One recent entrant: the Brita unit of Clorox Corp., which just introduced a Wi-Fi-enabled “smart” pitcher that can re-order its own water filters.

Uber and SolarCity are interesting examples. Both rely on making their assets smart and connected. In Uber’s case, that is a smartphone in the hands of a driver for hire. For SolarCity, the company’s original business model was selling electricity directly to homeowners rather than solar panels, which requires knowing how much electricity a home’s solar panels are producing.

wsj.com

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