In 1996 Mission Impossible & Independence Day were breaking box office records. Kodak had 140,000 employees and was the 4th most valuable brand in the USA, selling film to everyone from consumers to hospitals to motion picture studios. While Kodak also made consumer grade cameras, it never was present in the higher end professional space dominated to this day by Canon & Nikon.
The annual Consumer Electronics Show (CES) is the showcase event for consumer electronics innovations. This year’s giant show, held January 6 through 9 in Las Vegas, Nevada, was no different in that respect. What was different this year was the rise of Internet of Things (IoT) devices promising to change the lives of consumers for the better.
Of all the applications of the Internet of Things (IoT), medical devices may be one of the areas to benefit the most from the new technology. This nascent market has the potential to reach $163 billion dollars in less than five years, according to research firm Markets and Markets. This should be no surprise, as the medical device industry is an obvious application.