Two ideas crossed my mind while reading this piece. First, Delgado makes the obvious-but -equally-important point that being able to take advantage of the wealth of the Internet of Things requires something we take for granted: access to the Internet. I'm not going to belabor a rural electrification analogy. Many do not have Internet connectivity, including in the developed world and the United States. It gets worse as ignorance abounds.

In one of the worst tech predictions of all time, IBM President Thomas Watson stated in 1943: "I think there is a world market for maybe five computers." Talk about punching in the mouth the possibility of disruptive innovation at IBM. Watson was misguided and incorrect, but hardly dumb. Whether we wish to believe it, Mr. Watson, I suggest, knew far more  about his industry at the time than today's experts know about the Internet of Things, which is in its infancy but growing fast.

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