Yahoo! chief says IoT will be tipping point for business in 2014

The Internet of Things (IoT) found renewed support in Yahoo! chief executive Marissa Mayer. Addressing a panel discussion hosted by Forrester at the World Economic Forum (WEF), in Davos, she said she believed the Internet of Things and mobile will create a “tipping point” for businesses in 2014. The two things, she said, will change everyone’s lives “like never before”.

Marissa said 150,000 people let strangers stay at their home last year through Airbnb; 1.5 million people assigned tasks to strangers through TaskRabbit; 56 per cent would consider renting out their cars to strangers. “The Internet of Things makes connecting and trusting people easier. Part of this is the sharing economy, but through Internet of Things and mobile we can inspire and entertain people like never before.”

The panel of chief executives, which also included BT boss Gavin Patterson, AT&T chief executive Randall Stephenson and Cisco chief executive John Chambers, also discussed the issues of privacy in the context of the Edward Snowden revelations.

Image Credit: Wikipedia

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