K
Kathleen Martin
Guest
Technology is growing and there is no doubt that it will continue to be a part of our everyday lives. Despite popular opinion, the Internet of Things, otherwise known as IoT, is not new technology. In fact, IoT dates back to the 1980’s. IoT is comprised of connected devices, allowing users to access remote functionality in real time. In more recent years, businesses are recognizing the value and putting more toward IoT investments. Here are some IoT statistics you need to know.
IoT at a Glance
As artificial intelligence (AI) and machine learning technology continue to improve, IoT is advancing and expanding at a steady rate. Quality providers, IoT connections, wearables, 5G and other enabling technologies are helping to support the development of smart cities, big data, smart homes, increased automation, and more connectivity across the globe.
IoT is comprised of physical devices that communicate with one another over a network or internet connection. If you can control it from another device, you’re using IoT.
Some popular examples of IoT include:
IoT seems like emerging tech, but really the Internet of Things is just a bridge between the physical world and the digital one. Here are some fun facts about IoT.
IoT has a ton of business and personal applications.
IoT at a Glance
As artificial intelligence (AI) and machine learning technology continue to improve, IoT is advancing and expanding at a steady rate. Quality providers, IoT connections, wearables, 5G and other enabling technologies are helping to support the development of smart cities, big data, smart homes, increased automation, and more connectivity across the globe.
IoT is comprised of physical devices that communicate with one another over a network or internet connection. If you can control it from another device, you’re using IoT.
Some popular examples of IoT include:
- Amazon Alexa hubs
- Google Home
- Ring doorbells
- Smart watches
- Smart appliances
- Nest thermostats and smoke alarms
- Smart door locks
- Fitness trackers
IoT seems like emerging tech, but really the Internet of Things is just a bridge between the physical world and the digital one. Here are some fun facts about IoT.
- The first IoT device was a soda machine at Carnegie Mellon, which led to the development of the first widely used IoT device—ATMs.
- IoT involves so much data that it is measured in zettabytes.
- IoT is responsible for powering smart cities, such as Shanghai, Seoul, New York, Barcelona and Beijing, the top five smart cities according to Juniper Research.
IoT has a ton of business and personal applications.
- PWC reports that 93% of executives believe the benefits of IoT outweigh the risks.
- IoT Analytics shows that 545 of IoT projects are driven by cost savings.
- Global IoT spending is expected to hit $1.2 trillion in 2022, reports IDC.
- According to Cisco, 500 billion devices are expected to be connected to the internet by 2030.
