Monday, September 10, 2018

A Look into the Future of IoT

IoT (The Internet of Things) has grown rapidly in the last 5 years and it is continuing to grow...
September 10 — Issue #2628
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A Look into the Future of IoT
By Joydeep Bhattacharya (c) 2018
IoT (The Internet of Things) has grown rapidly in the last 5 years and it is continuing to grow in intelligence. The global market value of IoT is expected to reach $7.1 trillion by 2020. This clearly suggests that nearly every industry will be strongly impacted by IoT in the near future.
IoT will have a significant impact in our day to day lives, not only in the way we do business,  but also in that every device we interact with will be connected to IoT. 

A world of massive possibilities lies in the future and we should be ready to accept IoT in all spheres of our life.

What is IoT?
IoT stands for the Internet of Things. It is a network of physical devices which are connected to the internet and to other connected devices in order to collect and share data. 

Some examples of IoT include a smart microwave that can automatically cook food without any human intervention to set the time for cooking or self driving cars that can make travel easier without the need for human assisted driving. Sounds like a fairy tale but it's true.
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