The Internet of Things (IoT) has taken the technology landscape by storm. IoT is steadily becoming an intrinsic part of our daily lives, as it is fundamentally changing the way we interact.
Increasing connectivity has powered the optimization of processes by introducing data-driven decision abilities for human activities. The number of connected devices is growing at a healthy clip of 15% and is expected to reach USD 30 billion in 2020 and USD 75 billion by 2025. The market scenario has also undergone a change, where enterprises are looking to hop on the ‘automation bandwagon’ in pursuit of business excellence.
With the ongoing development in the IoT, there are enormous opportunities to creating sustainable value. The proliferation of sensors and superfine analytics capabilities are creating a range of scenarios for the future of the IoT. For those, who are able to imagine possibilities beyond the incremental – the stage is set for the IoT.