Precisely What Is The Internet of Things?
According to the infographic by Harbor Research and Postscapes, technology employed within the home is expected to have the greatest revenue implications going forward, however the IoT will also have a role to play in health, transportation, the creation of ‘smart’ cities and much more.
Connectivity has moved far beyond the confines of computers and smartphones.
It’s a potential feature of any conceivable device, and is expected to be embedded in 8 billion new products by 2020, along with the digital sensors and microprocessors that make up the fabric of the internet of things (IoT).
While the IoT, predicted to soon become a trillion-dollar industry, is front of mind for many an innovative enterprise, it has arguably only just reached the public consciousness – and generally this understanding is through the existence of smart devices in the home.
Keen to explore the internet of things as more than just a flow of information between devices, the graphic below seeks to highlight how this digital ‘nervous system’ is fundamentally about interactions between people, systems and machines – providing new networks of data to drive the next generation of products and services.
Related: How the Internet of Things Is Improving Transportation and Logistics
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