A Whole New ‘Internet of Things’ World

A Whole New ‘Internet of Things’ World

By Jens Wiegand

WiegandThe Internet of Things (IoT) is transforming not only businesses, but also our lives. The ability of intelligent devices to perceive and respond to the environment around them makes them incredibly valuable for complex decision-making in a broad range of industries. The growth potential is explosive: billions of units are generating more than $1 trillion in revenue today, and according to market analysts, the market for intelligent systems will reach nearly four billion units by 2015, representing more than $2 trillion in revenue. And many experts predict that there will be anywhere from 20 to 50 billion connected devices by 2020. In addition, the evolution of Machine-to-Machine (M2M) concepts into IoT concepts is greatly increasing and growing the market opportunity into billions of connected devices at work in a myriad of applications.

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