The Internet of Things (IoT) is here and is a reality now! However, it is still considered to be in its early years. We believe, it would continue to evolve along with its devices, applications, technologies and impressive predictions and would take few more decades to reach its full potential.
At present, the IoT exists in many different industries, however, the degree in which it would change the way you live and do business would depend on the context.
Even though IoT is still in its infancy, 55% of organizations consider IoT as strategic to build their business and critical to compete more effectively in the market. Hence, they collaborate with software development companies in order to give wings to their ideas and monetize their IoT efforts.
Let’s take a look at the intriguing stats of this rapidly evolving technology highlighted in the infographic below:
