By now I am sure you are already aware of the IoT; or even if you’re not, in simpler words, it is the network of technologies that are linked to the internet and able to store and interchange data.
The latest car you have purchased that is comprised of apps with GPS technology, the smart home devices such as the thermostat or lights that you can switch on and off remotely are a few examples of the IoT.
Also, the fitness tracker like Fitbit that allows you to share the progress of your body fitness with your friends or your personal trainer is another aspect of the IoT that assists in monitoring your performance.
The concept of IoT
The whole concept of the IoT has the ability to revolutionize our lifestyle, in fact, it has already started despite the complexities involved. However, as the entire world is progressing to a new era, thus lowering complexities involved making IoT simpler and less complicated for the majority to use.
I strongly believe that the IoT has tremendous potential, which is due to the intense sophistication of technology. The TechNews assumes that there is a huge possibility of investing approximately $6 trillion within the upcoming five years and we have solid reasons for believing so.
The reasons are mainly due to the proliferation of the internet, which has also become a part of human rights. The number of cell phone users is also rising every day and further businesses are investing into this sector for the lucrative benefits involved.
What is “smart” technology?
Think of the concept called “smart” that is not only attached to phones any longer but also with cars and mirrors. By standing in front of one of these smart-mirrors, anyone can digitally try out new clothes without going through the hassle of undressing oneself first. Moreover, the data stored in your fitness tracker can be shared with your doctor for routine checkups through the Cloud service without leaving your house.
Moreover, the data stored in your fitness tracker can be shared with your doctor for routine checkups through the Cloud service without leaving your house.
This is the upcoming “Industrial Revolution” that the world is going through right now. Its potential is so promising that it can bring about numerous possibilities and make way for further income sources for you and your company, only if you’re prepared to adopt the IoT.
Future of IoT
After prolong months of research carried by the Business Insider Intelligence who found out how the IoT is being exercised in the real world today and in what ways various sectors of an economy will undergo drastic changes in 20 years.
Businesses will gladly utilize the IoT as it will bring about greater efficiency, reduced operating costs, further output and actually give rise to brand new businesses and opportunities the world never thought of previously.
If you want to find out more about the IoT and the massive investment opportunity involved, stay with TTN for more about IoT.