The Internet of Things is changing and improving our lives and work in more ways that you might realize. From tracking heart rates, monitoring machines on the shop floor controlling devices at the home or office, to sensing changes in an environment, IoT is revolutionizing the way we interact with the world around us.
There were around 500 million devices connected to the Internet in 2003. Jump to 2010 and, with the advent of smartphones, the number of connected devices increased to 12.5 billion. Research and advisory company Gartner, Inc. predicts this number will increase by the year 2020 to 20 billion devices. Most of these connected devices will be generating data. And when analyzed properly, this data can help companies make better business decisions, improve customer experience, reduce operational costs, and create new revenue opportunities.