What you’ll learn:
- What is the IoT?
- Some of the latest IoT technologies.
- How do those devices operate and what potential IoT applications can they address?
The Internet of Things (IoT) has exploded over the last two decades with an increase in intelligent devices and platforms in nearly every industry and commercial market. The IoT enables devices and systems to connect to one another and networks, and it’s become a prominent component in everything from manufacturing to building automation systems. According to a report from McKinsey & Company, the number of IoT-connected devices is expected to hit 43 billion by the end of 2023 and command a market share of $76.21 billion.
Low electronics costs, the cloud, big data, and mobile devices have all contributed to the rise of the IoT and will continue to spur innovation and development of connected devices over the coming decade. In this roundup, we will look at some of the latest IoT technologies to hit the market and their respective applications.