IoT or Internet of Things is a revolutionary technology of the 21st century. IoT can be defined as an ecosystem of interconnected devices or gadgets with embedded capability, that can receive, collect, and transfer data over a network without any command from outside. IoT transforms the everyday devices into intelligent devices. Nowadays, an increasing number of people are using this technology in their day-to-day lives, either knowingly or unknowingly. Given below are seven notable facts about IoT that will enhance your knowledge about this technology:
• Morgan Stanley via BI Intelligence estimated that there will be above 75 billion functional IoT devices by the end of the year 2020; that means 7 devices per person on average.
• GE has forecasted that investments in the industrial IoT (IoT) devices will reach an astonishing $60 trillion in the next 15 years. http://bit.ly/2XL6cxN
