IoT is much beyond connecting gadgets like laptops, smartphones, computers, and tablets. The potential of IoT is so overwhelming, any device that is internet-connected, that is with an IP address like the cars, planes, manufacturing units, washing machines, smart door locks, robotic vacuum cleaners are all IoT objects.
Gartner predicts that there will be nearly 20 billion devices connected to the IoT by 2020 and that IoT product and service suppliers will amount to a business of $300 billion in revenue.
The exponential growth of IoT is alluring and promising. The benefits of IoT in the broader sense would be introducing new business functions and creating more revenue opportunities, reducing expenses and improving efficiencies, and aids better decision making.
While there is already enough buzz around it and we are already in awe of the things it can do, take a look at the infographic to see what’s in store as the top 5 trends in IoT that is all set to revolutionize the tech world.
So these are some trends in IoT that is all set for a future that is worth looking forward to. IOT is already transforming our lives and all you need to do is keep yourself updated with the trends that have the power to change our lifestyles through digital interconnectivity. Get ready to embrace the IoT technology for a future you always dreamt of.