So, you say you haven’t heard of the Internet of Things?
Well, you’re probably mistaken.
Heard of self-driving cars, the Nest home system, or the LG refrigerator you can control with your smart phone? Yep, those are all examples of IoT technology being used right now.
What’s more, businesses are able to use the data from IoT technologies to create their own products, which could lead to an “IoT explosion.”
Some experts predict that the number of IoT connected devices could reach 20 to 30 billion in the next three years. This increase may bring trillions of dollars to the economy.
Before the rise of IoT technologies, big data was the future of data collection. However, the amount of data that could be collected from IoT tech could perhaps be best visualized as a slow creek versus a raging river.
It’s a benefit that this river is flowing now because, in the past, analytics would not have been able to handle the torrent of data.
The data analyzed through IoT tech may give businesses the unique opportunity to automate some of their basic systems and allow them to incorporate more complex systems.
It’s exciting new frontier in the world of business technology. Stay tuned to the XComPC blog to keep up!