Network Effect

Much has been made of the “Internet of Things” and a growing array of “smart” things that will soon change nearly every aspect of our lives — from Google’s driverless car and iRobot’s Ava 500 video collaboration robot to “smart” pill bottles that will automatically renew a prescription and remind yo…

As we begin the Internet of Everything (IoE) era, more attention is being focused on Metcalfe’s law—a.k.a., the “network effect”—to see if the same rules will apply.  Metcalfe’s law states that the value of a network increases proportionately to the square of the number of users. Simply put, network…