The term Internet of Things was first coined by Kevin Ashton in 1999. Today there are an estimated 10 billion devices currently connected to the Internet and the Internet of Things is slowly taking shape. And as on “the internet, no one knows that you are a toaster,” all those connected devices will change the way we life and together we are building a smart planet. All those different sensors that connects machines to machines, people to machines and people to people will generate an unfathomable amount of data.
The term Internet of Things was first coined by Kevin Ashton in 1999. Today there are an estimated 10 billion devices currently connected to the Internet and the Internet of Things is slowly taking shape. And as on “the internet, no one knows that you are a toaster,” all those connected devices will change the way we life and together we are building a smart planet. All those different sensors that connects machines to machines, people to machines and people to people will generate an unfathomable amount of data.
The amount of autonomous Internet-connected devices is expected to grow to 25 billion in 2015 and growing to 200 billion in 2020. The massive IoT market is expected to grow to $ 8.9 trillion according to this infographic developed by BestComputerSciencesDegrees. Cisco actually estimates that the global Internet of Things market’s net profit potential is $ 14.4 trillion by 2022. With billions of devices connected to each other, it should be no surprise that within a decade the term Brontobytes will have become common language in board rooms across the world.
Source: BestComputerScienceDegrees.com