Internet of Things Applications

The Internet of Things (IoT) is beginning to grow significantly, as consumers, businesses, and governments recognize the benefit of connecting inert devices to the internet. In an all-new report from BI Intelligence, we examine what is currently driving growth in the Internet of Things and how various sectors of the economy will embrace IoT innovations. The IoT will result in $1.7 trillion in value added to the global economy in 2019. The main benefit of growth in the IoT will be increased efficiency and lower costs. The IoT lacks a common set of standards and technologies that would allow for compatibility and ease-of-use. See more at : businessinsider.com