Make a Trillion Dollars in 3 Easy Steps
Note: You’ll need billions is startup funding, so unless you are Google or Apple, keep dreaming…
Build a network that tracks drones and autonomous vehicles. Make it free.
Governments won’t allow drones in the wild unless they are registered and tracked. If they aren’t already drafting laws, they will when the first criminal or terrorist act is committed via a drone.
A conglomerate of the best tech companies will appeal to governments, say Cisco, Google and Symantec. The system can use current 4G phone networks, but with the main goal being 5G circa 2020.
Once the network is announced and baked into law, manufacturers will be required to include the appropriate tracking and identification technology.
The Internet of Things only has value when the “things” can communicate with each other and the world.
The established network can now be used for things. They can be registered, and a permissions system can determine who can access the data.
Things will pay a fee to use the purpose-built network for sharing data. But there’s a freemium option — let the system use the data and the network is free to use. This data can then be on-sold to augmented reality providers, for example. Or just appear in search results. Or, if the data is video… imagine Google Maps with live imagery.
The other angle is that the data can be sold, and the network becomes an exchange.
- a global 3d mapping system — needed to keep track of flying, autonomous vehicles
- access to data from drones and Things
- access to video from drones and Things
Combined with on-the-ground data capture, similar to the cars used for Google Street View, a virtual recreation of the entire planet is possible.
It would start with major cities, with 3D representations being created, similar in look to the first person shooter games of today.
Once the 3D recreations are in place, all sorts of wonderful applications arise:
- virtual meetings
- virtual travel
- augmented reality
- virtual attendance of sports events and concerts
- enhanced public transport
- government monitoring and data gathering (don’t underestimate the size of this)
- virtual billboard advertising
Suddenly people will be able to travel the world without leaving their home, by using an avatar and equipment becoming available in 2016. Anyone using augmented reality glasses will be able to see real people and virtual people intermingling.
From humble beginnings (monitoring drones), the biggest network since the Internet itself can arise. And it would be conservatively valued at $1 trillion+.