Published on Information Age (June 1st, 2018)
The Internet of Things (IoT) is growing rapidly, disrupting every industry and many aspects of our daily lives. Devices and appliances that were not connected (from fridges and thermostats to cars and watches) are now equipped with sensors, processors, and connectivity.
It is obvious that IoT will continue to grow exponentially over the coming years. Gartner predicts that, in the not so distant future, almost all things will eventually be connected to the internet: by 2020, IoT technology will be in 95% of electronics for new product designs.
IDC also forecasts an astonishing growth for IoT as enterprises become increasingly eager to take advantage of its benefits. According to a recent IDC study, worldwide spending on IoT will reach $772.5 billion in 2018 and will top $1.1 trillion in 2021…..