You have probably heard the phrase "Internet of Things" and, wondered, what exactly is that? Will it change my life? Will it make it better?
This article starts to answer those compelling questions. We like how it places an emphasis on changing the customer experience. If technology can do that, is it important and historic.
Building a smarter world, though, is not all about better IT. We live in the real world, not a virtual world. We need to equally shape better human behavior as well.
Solar energy has become big business. Over the past decade it has plummeted in cost, surged in volume, and, as booming industries do, benefited some investors and burned others. The International Energy Agency has predicted photovoltaic solar could provide up to 16 percent of the world’s electricity by mid century — an enormous increase from the roughly 1 percent that solar generates today. But for solar to realize its potential, governments will have to grow up too. They’ll need to overhaul their solar policies to make them ruthlessly economically efficient.
The widespread view that solar power is a hopelessly subsidized business is quickly growing outdated. In some particularly sunny spots, such as certain parts of the Middle East, solar power now is beating fossil-fueled electricity on price without subsidies.
Even where — as in the United States — solar needs subsidies, it’s getting cheaper. American utilities now are signing 20-year agreements to buy solar power at, and in some cases below, 5 cents per kilowatt-hour. Those prices, which reflect tax breaks, are in some instances low enough to compete with electricity from power plants that burn plentiful American natural gas. Solar will be all the more competitive if gas prices rise — something many predict — and as more governments impose prices on carbon dioxide emissions.
The market is concluding that solar makes sense. In part that’s because of technological advances that have made solar cells more efficient in converting sunlight into power. In part it’s the result of manufacturing scale, which has slashed the cost of solar-panel production. And, in places that tax greenhouse-gas emissions, it’s in part because solar produces carbon-free power.