The Internet of Things commonly referred to as IoT.
Still in its infancy, the IoT is at the threshold of a tremendous, transformational opportunity. The commoditization of sensors, processors and memory make it commercially viable to sell much more than just connected, intelligent products and services. Now, companies can deliver compelling experiences over the life of their products.
By 2020, the Internet of Things (IoT) will connect over 50 billion things and revolutionize how business runs. But many companies aren’t prepared for this technology-driven business revolution.
The internet of things – Iot – is made up of billions of smart devices, from tiny Chips to intelligent robotic machines, all using Wireless technology to Communicate with us and with each other. Currently, there are around 15 billion devices in the IoT, with 5.5 million new ones connecting each day. And the insights gleaned from the data provided by all those connections is rapidly reshaping the world we live in.
From self-diagnosing machines to self-monitoring cargo, the IoT is empowering new capabilities and opening up new possibilities. It’s fueling innovation in nearly every part of our lives, transforming the way we work, play, and learn. and it can do the same for your business