The consumer-facing home IoT stuff (Nest, smart-fridge, smart-car etc.) gets a lot of press because it's exciting and it appeals to the least common denominator - anyone from an electrical engineer to a nanny can see how these devices might affect their lives.
Most of the (pretty astronomical) growth of the embedded device market is driven by the applications of industrial connectivity. Think aerospace & defense, automotive, medical, municipal, retail automation. The industries that don't make for sexy headlines.
Ultimately, I believe the entire IoT movement is going to contribute substantially to the economy in the form of cost-savings. Companies will be able to access and analyze a lot more data which will hopefully enable leaner operations due to process refinement and resource conservation. It's a good time to be in the security and analytics business.
While cost savings are great for the bottom line, we also need to find a way to create new markets and generate new, useful products. Hopefully the government has invested enough in R&D to enable the next internet to begin to take root sometime soon, whatever that may be.
From my perspective, it would make sense that virtual reality would be a huge paradigm shift in the way that we create and consume information, which seems to be an underlying theme driving many advances in technology and overall quality of life.
IoT seems to be the maturation of internet connectivity - what's next in the world of technology?