I continue to fail to see how connecting appliances or small electronics to a network adds actual value. Simply throwing technology at a thing doesn't automatically make it better.
Yet, here we are, rushing headlong into the "IoT". We ought to recognize this for what it is: pursuit of profit from uninformed purchasers.
Ignore the junk that doesn't add value. You're right -- it's noise, and there's a lot of it right now.
Identify the specific long-term opportunities where the added technology can actually give users a superpower: a valuable ability they didn't have before. That's what we've tried to do with Pantelligent. (Disclaimer: co-founder / https://www.pantelligent.com/ ) For us, it's the ability for home chefs of any skill level [democratization] to cook any frying pan-based meals [versatility] perfectly [quality] every time [repeatability], even when you're multitasking in the kitchen [convenience]. If that isn't adding user value by adding a bit of connected intelligence to an everyday home appliance, then I don't know what is!
It adds value, just not for the consumer or user. Note that I didn't say owner as this internet of thing is actually the internet of someone else's things, typically the manufacturer. Think apple devices meets with giving away ownership and control of your data to a third party provider, the current obvious is facebook.
All this seem to be the logical next step in the evolution of corporation trying to exploit the internet for their own needs and turn it into a massive surveillance tool. Something that started quite a while ago on the day advertising invited itself to the party.
I can see some limited benefits, like applying inventory tracking tech to refrigerators. But for the most part you need to be there to refill the device etc.
I work in the foodservice equipment sector at the moment and there's a huge demand from the manufacturers to add upstream monitoring to their devices.
This is mostly motivated by the HACCP (Hazard Analysis and Critical Control Points) guidelines that the US FDA has set in place. Someday that designation will change from "suggested" to "mandatory".
The equipment requirements are pretty large. Restaurants need devices to track refrigeration temperatures, cooking/holding/production temperatures and times, equipment status, check probes, and lots more. Eventually most of the devices in a kitchen will be IoT connected in some form or another. Many of the larger chains will also want this data pushed upstream to their servers for overall safety monitoring and, eventually, other "big data" benefits from seeing store production in near real-time.
Yet, here we are, rushing headlong into the "IoT". We ought to recognize this for what it is: pursuit of profit from uninformed purchasers.