Physical devices around the world are now connected to the internet, and are even now collecting and sharing data. It is now possible to turn any device into a part of the IoT because of the availability of cheap processors and wireless networks. This enables devices to communicate with each other – without involving a human – thus connecting the physical and digital worlds.
IoT is now on filling our homes and offices with smart devices, making it into relevant to almost everyone. There are already more connected things than people in the world! A survey by Gartner reports that around 8.4 billion IoT devices were in use in 2017, an increase of 31 percent from 2016, and this will likely reach 20.4 billion by 2020.
Enterprises must access more data about their own products and their own internal systems, and thus gain a greater ability to make changes. With IoT being employed in various industries such as Manufacturing, Transportation, Healthcare, Retail and even smart cities and homes, your business can definitely transform and reap its benefits.