The digital revolution of IoT is here to stay. As it spreads in a humongous way, a report from IDC states that the number of connected ‘things’ will potentially increase up to 25.6 billion by the end of 2019 and 30 billion in 2020. The market spend on this technology is anticipated to reach $ 1.3 trillion in 2019.
What IoT Entails?
IoT of the Internet of Things is a technology revolution that has affected every industry vertical. From smart communities and cities to healthcare and transportation it is gaining momentum in every industry, and companies are leveraging IoT for boosting the bottom lines. As it is helping to generate higher revenues, its adoption is also increasing with a focus on IoT services.
A typical IoT Framework works in this manner. It simplifies the business decisions by providing accurate analytics and robust applications. Data integration lies at its core. The interoperability of components and key systems is integral to propel the growth of this technology in near future.
