Is IoT the Next App Store?

Shared from the Safeguard Scientifics’ Blog

This post originally appeared on, January 11th, 2017.

It is hard to think about the current wave of digital innovation and empowered end-users without thinking about apps. Despite the app store concept in its current form really taking root in 2008 with the launch of Apple’s App Store for iOS, we have been app crazy as a society, with over 4 million unique apps downloaded over 200 billion times by users around the world.

And while the reinvention of the smartphone by Apple and Google fundamentally changed our digital user experience, it also did something even more powerful by democratizing innovation. It enabled anyone with a good idea to push it out as easily accessible software to be downloaded by smartphone users around the world. This continues to level the playing field in major industries everywhere, upending entrenched businesses in transportation, retail, banking, and even healthcare.

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