Internet of Things (IoT)

The Internet of Things, or IoT, is generating a lot of buzz and investment right now. And for good reason: there are expected to be over 30 billion connected devices in the next three years. The possibility of gathering and analysing data from these devices and the proliferation of ubiquitous sensors create seemingly unlimited business opportunities. According to Gartner, hardware spending on business and consumer segments will reach almost $3 trillion in 2020.

The Internet of Things (IoT) is the network of physical devices, vehicles and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to collect and exchange data. It is the platform that integrate the data from many devices and apply analytics to share the most valuable data with applications that address industry specific needs.

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