Internet of Things will definitely be the next big thing. It is a network of physical objects, or things with network connectivity, allowing them to collect and exchange data. This foundation is based on the intelligence of embedded systems that they have to offer.
IOT – Next Digital Innovation Area
We are living in an era of a networked society dominated by mobility and connectivity. With a growing impetus in digitization, Smart City, and other things, there is general optimism that there will be a lot more of innovation coming up in the IoT space to drive the digital economy innovation.
It contains a large amount, say billions of connected IoT sensors and smart objects that are making the wise web. Let's see how.
IOT bubble is bursting
Statistics reveal that it is growing at an amazing speed of 2 billion items in 2006 to 200 billion in 2020. By the way, which would be around 26 smart objects for human beings on earth. As stated, the network consists of billions of smart things that are connected, which was expected to grow to more than 9 billion connected devices by 2018.
According to the Gartner report, smart cities planned by the government used nearly 1.6 billion of the connected or Internet of Things in 2016. These statistics will mark an increase of about 39% from the year. Isn't that interesting news as we will welcome the new year and bid farewell to 2020? Obviously, it is !!!