Just another buzzword spin on the "Internet of Things" BS or the privatization of public resources, including ideas, communication, etc., because economists say

Just another buzzword spin on the "Internet of Things" BS or the privatization of public resources, including ideas, communication, etc., because economists say we'll all die and society will collapse unless control is maintained by the elite. >Two key benefits are increased user engagement and reduced server load. The two key benefits are pushing complexity/responsiblity/risk out to the edge and away from core financials and increased control of customers. Also, being able to retroactively change digital records then claim that they are immutable and that there's "nothing we can do" saves a lot of support costs and generally stops financial fraud investigation in its tracks. Of course existing technology can appear "real time" just as well as any security-inauditable JavaScript library and proprietary API locked up in some random virtualized black-box, but only that kind of technology allows "remote administration" of live 3rd party software. You know what would really convince me that building on top of proprietary hardware/software with land-baron type rights and EULA isn't just farming a dustbowl for whatever residual value was left after big data got through with it, is another "open source" javascript library that makes integrating with the cloud easier.