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:
Amazon Alexa hubsGoogle HomeRing doorbellsSmart watchesSmart appliancesNest thermostats and smoke alarmsSmart door locksFitness trackers Astonishing Internet of Things Facts & Statistics
IoT seems like emerging tech, but