How the Internet of Things will transform industry and society
94 percent of companies believe the IoT will impact global markets over the next three years, and energy and utilities, safety and security and automotive and transport are at the forefront of this transformation.
By 2020, there could be as many as 100 billion internet-connected objects around the world. What effect will this have on industry and society?
With the advent of the IoT, devices are capable of sharing data by connecting to the internet, rather than communicating by wire or wirelessly through a specific application to a wide or local area network. Three key industries are at the cutting edge of this shift – energy and utilities, safety and security and automotive and transport.
This infographic provides a visual guide to the transformation of industries that will come about as a result of the IoT.