Tag: predictions

GLOBAL ECONOMIC CATASTROPHE: Australia Falls Into Recession, Nigeria Goes The Way Of Venezuela

Australia has fallen into what is known as a “per capita recession.”  That means the country is relying solely on population growth to propel its economy.  All this is happening as Nigeria follows the same path to becoming Venezuela.

The dollar dropped sharply to a two-month low of $0.70 by midday as economists slashed their predictions for official interest rates to reach a record low of 1 percent by September, according to The Sydney Morning Herald. The per capita recession is raising questions about the government’s management of the economy ahead of the federal elections.

Prime Minister Scott Morrison has repeatedly said economic growth will be weaker under Labor, but the final two results of this term of government show the Coalition will lead Australia back to the polls struggling to lift a slowing economy.  Many economic experts believe that this next global recession will allow the public to open their eyes about the reality of government and central banks: that they work together to enslave the masses while lining politicians’ pockets with money stolen from the slaves (general population.)

On top of this potential nightmare scenario is the fact that governments around the world comprising the largest economies have nearly all become debtor nations that are one economic calamity away from global collapse.

As noted by Robert Gore at The Burning Platform blog, France’s Yellow Vest protesters may have inadvertently hit upon a way to bring about the collapse of the fiat money and debt system that is sustaining the very governments which increasingly suppress the people they are supposed to serve. -JD Heyes, Natural News

As we march toward the ultimate collapse, Nigeria is likely about to be tossed into a similar economic situation as Venezuela. Nigeria’s GDP has been in a sharp decline for the best part of four years, and in just the past year, it has again fallen behind South Africa as the continent’s largest economy. During his campaign, Nigeria’s newly re-elected president, Muhammadu Buhari has glorified poverty and vilified success. According to the Telegraph UK, Nigeria is estimated to have lost about a tenth of its wealthier citizens to emigration in recent years. Its brightest and best have been voting with the feet in ruinous numbers, and those include doctors, nurses, engineers, accountants, entrepreneurs, lawyers and so on. Success and wealth are routinely demonized by the Buhari regime.

Starving Venezuelans’ Warnings To The U.S.: “Socialism Is A Big Lie!”

This is all too familiar to Nicolas Maduro’s plans for socialism in Venezuela.  Complete government control will always end in failure as people realize their lives are being controlled and they are being enslaved by the very people they voted to do just that. Humans are not meant to be controlled, and with the next global economic depression on the horizon, hopefully, more will figure this all out before it’s too late.

 

STUDY: Polar Bear numbers reach new highs – Population increases to the highest levels in decades


STUDY: Polar Bear numbers reach new highs – Population increases to the highest levels in decades

Far from the 2007 predictions of a 67% decline in global polar bear numbers, the new report reveals that numbers have risen to the highest levels in decades.

Church Of England Calls For ‘Five Days Of Prayer’ To Stop ‘No Deal’ Brexit

With the Tories on the brink of a historic party rupture, and MPs from across the floor forsaking Labour Leader Jeremy Corbyn over his insufficient condemnations of anti-semitism within the party (among other issues), the House of Commons just can’t seem to get itself together, even in the face of a challenge of historic magnitude (Brexit). The situation has grown so dire, that the Church of England’s General Synod on Saturday voted to pray for the UK’s political leaders – and also for its poor – that they may find a way through the Brexit morass in a way that minimizes the harm to the UK’s most vulnerable populations.

Welby

Justin Welby, the archbishop of Canterbury

According to the Guardian, Archbishop of Canterbury Justin Welby warned that If attention was not paid to the “pain and exclusion” of certain parts of UK society revealed by Brexit, greater division and strife would result. Speaking to the General Synod ahead of a vote to authorize five days of Brexit-related prayer, Welby – who voted remain during the 2016 referendum – proclaimed that “We cannot ignore the warnings that have been proffered about the possible profound impact that the next months may possibly have on the poorest in our society.” 

“We must be ready for any difficulties and uncertainties, and not allow any destructive forces to create further divisions in our society.”

“It is true that no predictions on the economy are certain. That is not project fear, it is saying that where there are risks it is the strongest, not the weakest, who must take the weight of the risk. That is not currently the way we are going.”

Welby argued that the church must “play our part” as peacemaker to heal the divisions in Parliament and help the UK “unify as a country.” This after Welby declared last month that a ‘no deal’ Brexit would be “not only a political failure, but a moral one.”

The church must be a peacemaker “to play our part in uniting our country and to put the most vulnerable at the centre of national life”.

He told the synod: “How we recover from and heal these divisions may be the biggest challenge that lies ahead of us – to unify as a country, to have a healthy and functioning democracy, and to have a strong ethically and morally based economy that works for all.”

The burdens on political leaders were enormous, he said. “It is easy to stand on the sidelines and judge. We do not have to make the decisions.”

Before the vote, the Archbishop of York called for a prayer to “save our parliamentary democracy.”

Before the vote, John Sentamu, the archbishop of York, led the synod in a prayer asking God to “save our parliamentary democracy” and “protect the high court of parliament and all its members from partiality and prejudice”.

Sadly, the church was probably unaware of just how appropriate its call to prayer was: Because at this point, it would take an act of God to smooth over the bitter inter- and intra-party sniping over Brexit that has brought all business in Parliament to a grinding halt.

And with that, the Church of England has officially joined Prime Minister Theresa May as a willing accomplice to “Project Fear”.

Watch: Morano in new video on how climate science has become ‘unfalsifiable’ – Predict both outcomes & You are always correct – ‘There is no way anyone can falsify the global warming theory now’


Watch: Morano in new video on how climate science has become ‘unfalsifiable’ – Predict both outcomes & You are always correct – ‘There is no way anyone can falsify the global warming theory now’

Morano: We’ve been told climate change leads to less snow AND that it leads to more snow. It causes more hurricanes and fewer hurricanes, longer bird migrations and also shorter bird migrations.  Global warming causes more crime, but, get this, reducing crime causes more global warming. And if you disagree with any part of this of scenario…you might just be a “climate denier”— and belong in jail yourself!

Today…A sort of “climate astrology” has taken over. Many climate claims have descended into the realm of the predictions of Nostradamus or the Mayan calendar.  There is no way anyone can falsify the global warming theory now because any weather event that happens “proves” their case.

The Wilting Green New Deal

Marc Morano in his book, “The Politically Incorrect Guide to Climate Change”, refutes the argument that “climate change” will destroy all life on Earth.  In the book’s foreword, the late John Coleman, who was a meteorologist, TV weatherman and co-founder of The Weather Channel, writes:

“We meteorologists are well aware of how limited our ability is to predict the weather. Our predictions become dramatically less reliable as they extend into the future. When we try to predict just a few weeks into the future our predictions become increasingly inaccurate. Yet the ‘climate change’ establishment that now dominates the UN bureaucracy and our own government science establishment claim that they can predict the temperature of the Earth decades into the future.”

Coleman then gets to the heart of the issue:

“Their global warming scare is not driven by science; it is now being driven by politics. So today anybody who defies the prevailing ‘climate change’ scare puts his career and his reputation into extreme danger.”

Food Prices Will Rise In 2019 Adversely Impacting Those Living Paycheck To Paycheck

Almost 80% of Americans live paycheck to paycheck barely able to afford to put food on the table.  That’s terrible news considering the predictions currently assume that grocery prices will steadily continue to rise during 2019.

Grocery prices are expected to rise by 1 percent or 2 percent this year, according to the United States Department of Agriculture. It may seem small, but with so many U.S. households already living paycheck to paycheck, it could be just enough to have a real financial impact. Although food prices rose by just a fraction of a percent last year, and that was the first increase in three years, and it looks like prices will rise consistently during 2019, according to WCVB 5, an ABC News affiliate. 

Some food items, such as pork, eggs, fats, and oils could see prices decline during 2019, the USDA predicted. However, that’s not great news considering egg prices climbed nearly 10.8 percent last year. The prices of beef, poultry, fish, and sweets are all expected to increase. “Electricity and diesel costs, as well as many other costs associated with food production, transport, and retail sales, are expected to rise, placing upward pressure on prices,” officials wrote. Fresh vegetable prices increased from November to December, rising 3.4 percent, and are 4.6 percent higher than in December 2017.

That means that not only will our food prices be going up, so will the cost of electricity and other utilities further strapping American families. This leaves families already living paycheck to paycheck making the tough decision of where to cut costs. The trade war’s tariffs are expected to play a role in the rising cost of food in 2019.

Living Paycheck To Paycheck: The New Crisis And Normal For The American Middle Class

 

Rising food prices threaten those in an unstable financial situation. Any increase in food prices is usually thanks to burdensome regulations or taxation.  This small, but noticeable increases also disproportionately affect the poor, yet big government advocates want even more expensive regulations. So much for that lie that liberals care about the poor.

 

Blood Test Detects Rate of Brain Cell Death from Alzheimer’s Up to 16 Years Before Signs of Dementia

Scientists at the German Center for Neurodegenerative Diseases (DZNE), the Hertie Institute for Clinical Brain Research (HIH) and the University Hospital Tübingen now show that a protein found in the blood can be used to precisely monitor disease progression long before first clinical signs appear.

When brain cells die, their remains can be detected in the blood. However, most proteins degrade too rapidly.

Neurofilament light chain (NfL) is resistant to breaking down in the blood. Scientists have shown that neurofilament accumulates in the blood long before the onset of clinical symptoms and it very sensitively reflects the course of Alzheimer’s disease and enables predictions on future developments.

Omens of dementia

Jucker and his colleagues monitored the development of neurofilament concentration in these individuals from year to year. Up to 16 years before the calculated onset of dementia symptoms, there were noticeable changes in the blood. “It is not the absolute neurofilament concentration, but its temporal evolution, which is meaningful and allows predictions about the future progression of the disease,” says Jucker. In fact, in further investigations, the scientists showed that changes in neurofilament concentration reflect neuronal degradation very accurately and allow predictions on how brain damage will develop. “We were able to predict loss of brain mass and cognitive changes that actually occurred two years later,” says Jucker.

Nature Medicine – Serum neurofilament dynamics predicts neurodegeneration and clinical progression in presymptomatic Alzheimer’s disease

Abstract

Neurofilament light chain (NfL) is a promising fluid biomarker of disease progression for various cerebral proteopathies. Here we leverage the unique characteristics of the Dominantly Inherited Alzheimer Network and ultrasensitive immunoassay technology to demonstrate that NfL levels in the cerebrospinal fluid (n = 187) and serum (n = 405) are correlated with one another and are elevated at the presymptomatic stages of familial Alzheimer’s disease. Longitudinal, within-person analysis of serum NfL dynamics (n = 196) confirmed this elevation and further revealed that the rate of change of serum NfL could discriminate mutation carriers from non-mutation carriers almost a decade earlier than cross-sectional absolute NfL levels (that is, 16.2 versus 6.8 years before the estimated symptom onset). Serum NfL rate of change peaked in participants converting from the presymptomatic to the symptomatic stage and was associated with cortical thinning assessed by magnetic resonance imaging, but less so with amyloid-β deposition or glucose metabolism (assessed by positron emission tomography). Serum NfL was predictive for both the rate of cortical thinning and cognitive changes assessed by the Mini–Mental State Examination and Logical Memory test. Thus, NfL dynamics in serum predict disease progression and brain neurodegeneration at the early presymptomatic stages of familial Alzheimer’s disease, which supports its potential utility as a clinically useful biomarker.

Earth ‘serially doomed’: The official history of climate ‘Tipping Points’ began in 1864 – A new ‘global warming’ 12-year deadline from Rep. Osasio-Cortez

Flashback 1864: MIT Professor warned of ‘climatic excess…unless men changed their ways’

“As early as 1864 George Perkins Marsh, sometimes said to be the father of American ecology, warned that the earth was ‘fast becoming an unfit home for its “noblest inhabitant,”’ and that unless men changed their ways it would be reduced ‘to such a condition of impoverished productiveness, of shattered surface, of climatic excess, as to threaten the depravation, barbarism, and perhaps even extinction of the species.’” —MIT professor Leo Marx

Climate Depot Factsheet on Inconvenient History of Global Warming ‘Tipping Points’ — Hours, Days, Months, Years, Millennium — Earth ‘Serially Doomed’

Earth “Serially Doomed”
Perhaps the best summary of the tipping-point phenomenon comes from UK scientist Philip Stott. “In essence, the Earth has been given a 10-year survival warning regularly for the last fifty or so years. We have been serially doomed,” Stott explained. “Our post-modern period of climate change angst can probably be traced back to the late-1960s, if not earlier. By 1973, and the ‘global cooling’ scare, it was in full swing, with predictions of the imminent collapse of the world within ten to twenty years, exacerbated by the impacts of a nuclear winter.”

Caution for Silver Bulls

In Monday’s column, I gave you some pretty impressive data on gold and how it has been a good long-term performer since we bought our “lone coin” back in 2001.

This was naturally followed with a number of emails from silver permabulls who told me I was giving the short-shrift to silver.

Linguistic point:  A shrift is like an “absolution” with a priest, so the term short shrift is along the lines of a “short blessing.”

Point is, silver doesn’t get one – leastwise from father George.  Because Silver has not been a particularly good performer, despite all the hype on the web.  Let me explain why…

Long-term readers of this column will remember in 2004, Elaine and I were out in Burbank.  I’d been hired to manage and move the old Soundmaster Recording Engineering School from its then-present location on Magnolia Blvd. to a new location.

While we were in Tinseltown North and hanging at The Smokehouse, I figured that it would be a fine thing to buy a little bit of silver.  The prospects seemed good at the time.  No question in our minds that the US FedGov was going to keep “making up money” in order to paper-over the federal spending disaster – a slow-motion/ongoing train wreck – so I bought a little.

Paid between 6.96 and $7.03 an ounce.  2004, remember.

Fast forward to this morning.  The price of silver futures on FinViz is $15,63.  And, when I looked at the Kitco.com charts (bottom of this page after the comments), looked to me like $15.55.  To be conservative, let’s use the lower number.

Thus, on a 15-year investment, the price of silver is up how much?  15.55 divided by 7, call it.

About  2,143 times.  That’s nowhere near as well as gold has done.

Maybe you don’t keep a small flip type shirt pocket economic notebook around – but if you’re young, there are lots of worse things you could invest in.

IF you do, pencil in the following for your long-term learning.

2001 (and one 2004)-2019 data:

Gold increased:  4.73491773308958 times.

  • The NASDAQ IXIC increased: 4.134905492682349 times.
  • The Dow increased: 2.498050667041438 times.
  • The S&P 500 Index increased: 2.391239477610566 times.
  • Silver (2003 price basis) increased: 2.221428571428571 times.

Now, play “spot the turkey.”

At the time we bought that “lone silver ounce” I had high hopes for the gray dog.  When it was up to $20 an ounce I was thinking “What a genius move!”  Now, obviously, like people who should have sold ALL their cryptos when the BTC’s were up in the $18,000 range, holding out for longer-term gains was a bad idea.  I have lots of those.  If you run low, let me know…

The key thing, though, is how long does it take for that pony on the financial merry-go-round to come around again?

Well, hope springs eternal in the bosoms of capitalists.  The Silver permabulls are still dreaming of $200- and trying to start rumors of $100.  Just like the crypto people are dreaming of a $300,000 BTCs while this morning the digitulips are sucking down in the $3,640 range.

Is there a critical lesson to be learned here?

Of course – except it’s a constant relearning process that has to go on throughout Life.

You need to study the damn numbers.

The numbers never lie.  The lies come from our slanting their meaning, one way or the other, in order to justify our own actions.  If you’re well into the seven figure net worth category maybe you read the numbers better than some poor family schmoe who has a negative net worth.

But, I wanted to be clear for silver bulls that talking up $100 or even $10,000 silver won’t do any more good than an alcoholic promising “Oh, I can quit any time…”  (Then they’ll admit “Not till tomorrow, though maybe…I’m not ready just yet – hand me n’other?“)

The reason to study – I mean really read and feel books like David Goggins’ book Can’t Hurt Me: Master Your Mind and Defy the Odds is because they reveal a process one can go through to begin to cut through the layers of false justifications and self-denial (lies for short) that keep us all from making better financial (and life) decisions.

Making a lot of money usually involves that shouldering of some risk, but also being brutally honest with yourself at all times.

So when someone says “Silver is going to $200!” you can sit back and run the freaking numbers.

Divide the number of accurate predictions this oh-so-insightful source  has made by the total number that have been put out over your sample period.  Say a person has made 20 financial predictions overall, but only 7 have been objectively correct.

That’s in the range of chance.

Yet, because of quirks, we tend to assign higher recall values to accurate predictions about silver (or whatever, BTC’s – you name it) than we do to incorrect or predictions that can be written in such a way as to seem right after the fact.

You know what a diode is?  Wiki it and the key part of the concept is:

“A diode is a two-terminal electronic component that conducts current primarily in one direction (asymmetric conductance); it has low (ideally zero) resistance in one direction, and high (ideally infinite) resistance in the other. “

The Present may be considered, in linguistics or everyday speech, analogous to the arrow of time.

Alan Greenspan was an absolute master of writing “diode speak.”  Such that he was raised to near deity status among his adherents.  Yet, when one looks at many of the Fed statements from his reign, you can divine many statements that when read on thee other side of the time arrow (now) look prescient.

Haven’t studied prophesy much, have you?

If you have a personal investment decision to make, go back to the data.  Any day you’re sucking air you can claim your right to run data and change decisions to head in any new directions.  Take a look at the real estate where you live and see where you would be had you put your investment money into other avenues:  Gold, tools, starting a small business, improving your education – all right/proper uses of money.  But what is your measure?

Take real estate, for example.  My friend Dr. Jack Lessinger, whose books may be found on Amazon, instinctively understood how the data works and used the concepts it suggested.  A professor of business history (emeritus) at the University of Washington, he was correctly forecasting what would happen when suburbia began to fail.

When you think about it, you can put a bullseye over a city and, working out from the middle, see how different price increases tend to band over time.  Downtown core prices can go way up, or way down.  A city with a hot industry, like Seattle and software, may scream opportunity which a city like Tulsa, Oklahoma?  Not so much.

But, if you’re young?  Waterfront property in the region around Tulsa – and there are a ton of lakes and rivers up there – gets mighty interesting.

For a few minutes effort, you can hit the S&P/Case-Shiller housing data pages and look at 10 and 20 year workups for where you live and place their on your “what;’s really working” chart.  Want to live in a high beta (change) city like Seattle?

This won’t ensure you’ll become a “winner” but it can sure reduce your odds of becoming a loser.

And that’s a fine thing to aspire to…

Producer Prices Sing Deflation

Here is another helping of data to ponder just out from the Labor Department (who we thank for showing up to play):

“The Producer Price Index for final demand fell 0.2 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.1 percent in November and 0.6 percent in October. (See table A.) On an unadjusted basis, the final demand index moved up 2.5 percent in 2018, the same as in 2017.

In December, 80 percent of the decrease in the final demand index is attributable to a 0.4-percent decline in prices for final demand goods. The index for final demand services edged down 0.1 percent.

The index for final demand less foods, energy, and trade services was unchanged in December following a 0.3-percent rise in November. In 2018, prices for final demand less foods, energy, and trade services advanced 2.8 percent following a 2.3-percent increase in 2017.

Final Demand

Final demand goods: The index for final demand goods moved down 0.4 percent in December, the same as in November. In December, the decline was the result of a 5.4-percent drop in the index for final demand energy. In contrast, prices for final demand foods advanced 2.6 percent, and the index for final demand goods less foods and energy rose 0.1 percent.

Product detail: Leading the December decrease in the index for final demand goods, gasoline prices dropped 13.1 percent. The indexes for diesel fuel, basic organic chemicals, jet fuel, residual fuels, and beef and veal also moved down. Conversely, prices for fresh fruits and melons jumped 48.9 percent. The indexes for construction machinery and equipment and for residential natural gas also increased.

Here’s the key part:

The December decrease in prices for final demand services was led by margins for food retailing, which fell 2.5 percent. The indexes for cellular phone and other wireless
telecommunication services, automotive fuels and lubricants retailing, residential real estate loans (partial), and airline passenger services also moved lower. Conversely, prices for guestroom rental rose 2.9 percent. The indexes for inpatient care, machinery and equipment parts and supplies wholesaling, and long-distance motor carrying also increased.

Bummer of Another Mother?

OK, how’s about this from the NY Fed in this morning’s Empire State Manufacturing report?

Manufacturing firms in N e w Yo r k
State reported that business activity expanded slightly. The general business conditions index fell eight points to 3.9, its lowest reading since mid-2017. The headline index
has fallen a cumulative eighteen points since November. Twenty-three percent of respondents reported that conditions had improved over the month, while 20 percent reported that conditions had worsened. The new orders index fell ten points to 3.5, indicating that growth in orders slowed significantly, while the shipments index was
little changed at 17.9. Unfilled orders were somewhat lower, inventories declined, and delivery times were slightly  shorter.”

I think the world is suxabunch.  Down futures went negative after being positive earlier.  God knows why they would have been – are we the only ones who can read?

Shutdown Hype?

Need another poster-child for innumeracy run rampant in America?  Pardon us while we take a chill pill on the Shutdown Hysteria.

Here’s why:  In the story “No. of no-show airport security screeners soars in shutdown” there is one sentence that gives us some “workable numbers.”  Here’s the part to notice:

“…the Transportation Security Administration reported a national absence rate of 7.6 percent compared with 3.2 percent on a comparable day a year ago. “

The mostly corporate/left media in this country has, in our obscenely fact-based view, been trying to give borderline federal employees an excuse to “sick out.”

But the AP giving us actual numbers means a lot to us.  For one, that’s only a bit over 4 employees per hundred who MIGHT be even considered “sick outs.”

But now comes even more mental ACUITY”  Could more people actually BE SICK?  Well, let’s see, what MIGHT cause that?

A major blizzard might make it impossible for some people to get to work.  So we scan the headlines for snow storm stories and wonder if there have been any of those?

Well, of course there was.  And working into the hype of the press on Shutdown Mania we read how “Another snowstorm could be on its way.”

But, let’s not stop there.  let’s put on the reality goggles and consider the flu this year versus last year.  And here’s a story in the Washington Post a couple of days old but “The flu has sickened about 7 million in the US so far, CDC estimates.”

In Ure’s Alternate News Reality (ANR) we would propose that the left-leaning media is trying to work the naturally occurring data (snowstorm and flu numbers vary by year) in the very same way the Climate Change Hysteria (CCH) has been modulated.

The objective, as we read it, is to pressure Donald Trump into caving so Peloser can claim a win and keep the even-crazier socialists ascending from marginalizing her.

All of which might sound a bit right of center in our thinking except for the fact that Congress can override Trump any time they can get enough crooks on the hill to come back from Puerto Rico beaches to actually do the work of the people, not the freaking lobbyists who they party with.

Anyway, yes, a few will always sick out but end of the world?  Or just part of the ongoing disaster area of ‘Mercia Media that has too much news capacity and not enough content?

“We will find the news or make some…” as I used to tell young reporters.   It wasn’t fake – But we had airtime to fill and that’s a very harsh metric.

Ure A Pin-Cushion?

Off for another blood draw this morning.  Last week when I went in for normal labs, no one could get blood out of me.  Six prick limit, so to speak.  So, this morning, off for another pin-cushion session.

Not only am I heartless, but apparently bloodless, too, lol.  Deep veins or stingy.  You may the call..   Personally, I think with my elevated cholesterol levels, I just need to warm up.  Oil doesn’t flow as easy when cold…

Moron the morrow…

The post Caution for Silver Bulls appeared first on UrbanSurvival.

Horrifying predictions for 2019 – 2020 revealed in this six-minute video

(Natural News) “You are living through the final chapter of modern human civilization,” I explain in the opening of a new, six-minute video that lays out predictions for 2019 – 2020. “A catastrophic global collapse is coming, and you’re seeing society rip itself apart.” The video covers the shocking state of present-day reality, including the…

The Internet Of Things Data Explosion

Via Priceonomics.com,

A decade ago, it likely seemed unthinkable that our refrigerators could tell us when we were running low on milk, our doorbells could record our visitors, and our audio speaker system could also “accidentally” order toys online. And yet, here we are in the era of the “Internet of Things”, sometimes abbreviated as IoT, where these sorts of devices have exploded in popularity and are literally everywhere.

The Internet of Things typically refers to adding network connectivity to everyday objects or devices that previously were not internet-enabled. As Tony Fadell, founder IoT trailblazing company Nest commented, a hallmark of the Internet of Things space is to work on “unloved” and sometimes “utilitarian” devices (think smoke detectors, doorbells, and other sensors) and add never-before-possible functionality via network connectivity.

And while consumer IoT has received a lot of attention with the prevalence of smart speakers, televisions, and household appliances, the Internet of Things has also arrived at the enterprise as companies are using the internet to track expensive assets and optimize logistics and manufacturing.

The growth of Internet of Things in terms of number of devices, revenue generated, and data produced has been stunning, but most predictions expect that growth to accelerate. The number of connected devices is expected to grow to 50 billion in 2020 (from 8.7 billion in 2012) and the annual revenue from IoT sales is forecast to hit $1.6 trillion by 2025 (from just $200 billion today).

But perhaps most notable of all, the amount of data produced by Internet of Things is expected to reach 4.4 zettabytes by 2020, from just 0.1 zettabytes in 2013.

*  *  *

Before diving into the data, it’s worth spending a moment clarifying what we consider to be an Internet of Things device, and what isn’t. In this report, we adopt the definition that IoT devices are ones that were traditionally not connected to the internet (“dumb” devices), but are now network connected, enabling a new set of applications. 

For example, even though smartphone phones and computers are Internet-enabled, we don’t consider them as IoT devices because they “traditionally” have been so. At the other end of the extreme, an internet-enabled toaster oven would be considered an Internet of Things device in this report because that appliance hasn’t typically been connected to a network.

With that definition in mind, just how fast is the IoT market growing? With any market forecast, there are a number of competing statistics and predictions, but all of them indicate the growth has been blazing fast and may even accelerate.

According to the NCTA, the trade association for broadband and television providers, the installed base of connected devices is expected to grow to over 50 billion by 2020, an increase of almost 500% from 2012.

Nearly every market forecast shows the industry growing to a trillion dollar plus industry in the next decade. One of the more conservative estimates from market research firm IoT Analytics pegs it growing to a $1.6 trillion industry by 2025.

If $1.6 trillion in revenue by 2025 seems like an aggressive estimate, keep in mind that by that year, McKinsey estimates the market to reach $6.1 trillion, IDC estimates $7.1 trillion and Cisco estimates $14.4 trillion.

How can a market grow from relatively small to a multi-trillion dollar industry within a decade? Given that the ambition of Internet of Things is to replace every asset in the economy with a networked-replacement, the industry is targeting a very large market.

Consumer Vs. Enterprise Landscape

Not only is IoT a very large market, but it targets both consumer and enterprise devices and applications. While consumer IoT devices often get most of the attention in the popular press, enterprise IoT has the potential to transform the operations of nearly every industry in the economy.

On the consumer side, what are the most popular IoT devices? A report by market research firm  Walker Sands shows the ownership rate of various connected devices among U.S. households in 2017. While not strictly part of the “Internet of Things,” smartphones and tablets are included in the chart below for reference.

Though no nowhere near as popular as smartphones and tablets, the most popular IoT devices of streaming device, home automation, and smart speaker are found in over 20% of homes in the United States. 

Part of what makes predicting the size of the IoT market difficult is that some of the categories are growing at tremendous rates. Take smart speakers, for example, a category that barely existed a few years ago may sell 56 million units in 2018, eight times more than their 2016 sales, as tech giants Amazon, Google and Apple have jumped into what has become a huge category.

Smart speakers may stand out as an exceptionally fast growing category, but it’s not alone. Televisions for example, have gone from “dumb” screen monitors to ones that can play internet video via direct capability or through a streaming device in less than a decade. There is strong reason to believe that in the future, nearly all consumer devices that could be connected to the internet, will.

In the enterprise, the promise of greater efficiency gains from IoT, is part of what is underlying the predictions of why IoT could be a multi-trillion dollar industry in the next decade. Thirty years ago, understanding where your assets where, what they were doing, and what was wrong was them would have been cost prohibitive. Today, given the proliferation of low cost sensors and internet connectivity, this kind of knowledge is commonplace.

There are three main use cases for the Internet of Things in the enterprise:

  • Monitoring and Diagnostics: Improved machine availability with real-time monitoring and diagnostics.

  • Predictive Maintenance: Get notifications and diagnose alarms and anomalies in real-time to accelerate issue response without affecting production.

  • Industrial Security: Find the source of security problems before equipment fails and avoid the costly downtime associated with breaches.

Beyond individual companies embracing the Internet of Things, we’re also seeing large scale industrial projects with IoT at their core. Research firm IoT Analytics, compiled a list of 1,600 known industrial IoT projects and categorized them according to these segments:

The largest category of industrial IoT is Smart City, which often involves projects involving traffic monitoring, parking management, and other applications that give governments analytics into the workings of their cities. Rounding out the top three industrial IoT use cases are Connect Industry (IoT devices in non-factory environments like a mining operation) and Connect Buildings (typically using monitoring to make building energy use more efficient).

The Data Cometh

Whether it’s for the consumer, enterprise or industrial, IoT devices by their very nature produce an enormous amount of data. As would be expected given the steep expected growth of the IoT market, the amount of data that will be generated by the Internet of Things will be truly enormous.

According to IDC, the data generated from IoT devices is currently growing from 0.1 zettabytes in 2013 to 4.4 zettabytes in 2020:

By this estimate, data generated by IoT devices in increasing nearly 50 times in just seven years, posing some spectacular challenges for the companies tasked with being stewards for this data.

IoT executive Steve Wilkes highlights the three main problems companies face in light of this IoT data explosion:

  • Data Integration: Using this newly created IoT data in concert with other enterprise data sources like log files, message cues, and transactional data.

  • Managing Data: Currently, there isn’t enough storage in the entire world to meet the future expected data storage needs from IoT devices. Creating a data management process to decide what data to store and how to access it for analysis will pose major decisions for these companies.

  • Data Security: IoT devices captures highly personal data from consumers and highly proprietary data from enterprises. As the last decade of high profile hacks has demonstrated–where there is data, there is bound to be people trying to steal that data.

Conclusion

By all accounts, the growth of IoT has been exponential. The market is expected to grow from a couple of hundred billion dollars to over a trillion dollars in under a decade. A category like smart speakers, which was a small niche a few years ago, is now a ubiquitous presence in homes across the world. And as companies invest in capital improvements, those assets are increasingly equipped with internet capability to monitoring, maintenance and optimization purposes.

The Internet of Things revolution is here and it’s only getting bigger. And that means one enormous by-product from all these connected devices: data. The companies that create and deploy IoT devices will increasingly find themselves pondering not just how to use IoT devices but what to do with the data and how to secure it from threats.

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