[roymurdock]

A lot of the companies in the space are collecting the wrong, or useless kinds of data, and overcharging massively for it.

Oftentimes IoT data collection can be a "solution looking for a problem" situation. But that's what you get when you start running out of good ideas, with billions sloshing around looking for ROI.

Just as many cars now have dongles sticking out of their OBD ports that feed info to auto insurance companies, one day you'll have a dongle on the inside of your mouth telling the health insurance companies when you last smoked, what you've eaten, which drugs you've taken when, etc. if you're not sufficiently wealthy enough. This is the end result of the IoT if steps aren't taken to limit corporate/government surveillance and guarantee personal freedom. Thankfully we are far from that now in the West, but the way things are developing in China is worrying...