The Internet of Things is a hugely growing market, with its value predicted to exceed that of the smartphone, PC and tablet markets combined by 2019.
This infographic explains how the Internet of Things will impact on businesses, allowing for increased real-time operations, new business models, new revenue streams and more efficient operations. It also covers practical uses for devices connected to the Internet of Things, as well as some of the possible limitations of this exciting technology. There have already been cases of the Internet of Things making a difference for companies – for example, Coca Cola saved $2 million in costs and increased productivity by 10% through the implementation of voice recognition technology.
Anyone who is unfamiliar with the Internet of Things now is likely to know all about it before long, judging by its seismic growth thus far, growth which is expected to continue to stratospheric levels.