By Alex Shtraym, Patent Attorney
The world is changing. It sounds a little harsh perhaps, but “dumb” devices are a thing of the past. Instead, the market is flooded with “smart” devices: smart phones, smart TVs, smart watches, smart appliances, etc.
In no time, urban areas will classify themselves as smart cities, leaving you to answer this blog post’s title.
But why should you care?
Put simply, we are approaching a so-called “revolution.” Soon everyday devices will connect to the internet and exchange information. The umbrella term – and yes, smart umbrellas do exist – for such a system is the Internet of Things (IoT).
The numbers don’t lie. In 2018, there were 7 billion IoT devices. In 2019, the number of active IoT devices reached 26 billion. By 2025, it is estimated that there will be more than 75 billion IoT devices.
There’s still time.
IoT devices will continue to expand into a range of industries including healthcare, consumer goods, education, manufacturing, and transportation.
Let take a classic example: you just invented a chair. Other chairs cause back problems, but your chair is the solution. There is no need for your chair to be smart. Right? Potentially, yes. But why stop there?
Give that dumb chair a brain – transform it into an IoT device. That’s exactly what Steelcase, a manufacturer of office furniture, is doing. At the NeoCon fair in Chicago, Steelcase revealed a smart chair that can monitor your heart rate and stress levels, learn personal preferences over time, and move with you as you change postures. Others are developing office furniture that can communicate from one room to another, adapting to your specific requirements as you walk around your home or office building.
If you don’t make your inventions smarter, someone else will.
Embrace the future.
Develop or expand on your existing innovations. Consider integrating your technology into a larger network of devices to expand your consumer base.
As many of our clients have found, a comprehensive patent strategy can help build market leadership, revenues and margins, and they attract capital investment.
Our Firm handles matters in a wide range of technologies. If you are in need of a seasoned patent attorney to protect your intellectual property, contact us today!