Tag: Marxism

Political Economy and the Internet of Things

According to Cisco, the number of things – smart phones, cars, delivery vehicles, smoke detectors, outflow sensors, electricity meters – connected to the internet surpassed the number of people connected to the internet in 2008. Projections for the coming decade vary, but corporate researchers at firms like Cisco, Intel, IBM and Siemens are betting big on the exponential growth of networked sensors and microcomputing devices. These companies are working in loose concert to shepherd this emergent swarm of networked things into a truly infrastructural data-collecting system. They see in the so-called “Internet of Things” the consummation of promise held forth to the corporate world by big data analytics; comprehensive, actionable, real-time data about production and consumption, allowing for ever more agile and sophisticated extraction of value from human activity. (read more...)