The internet or the World Wide Web was a huge breakthrough in the late 80s and early 90s; connecting computers changed the way we live. A few years later, connecting people became possible thanks to the cloud and mobile devices. This broadened our horizons and revolutionized our world. Today, something even greater is happening. We are connecting EVERYTHING, and this is what the Internet of things (IoT) is all about. We now use the technologies of the previous stages — the Internet, cloud, and mobile — and combine them with sensor technology in order to connect anything, anywhere in the world. Analysts predict that the IoT will consist of about 26 billion interconnected devices by 2020. Compare this to 7.3 billion units for PCs, smartphones and tablets combined together. What is more, the technology involved is accessible to all.
So there is a huge potential for business big and small. Read more