Internet of Things (IoT) disrupts multiple industries – Talk Business & Politics
The world has never been smaller thanks to emerging technologies creating the Internet of Things (IoT) which connects people and devices to the internet through cloud computing. The tech industry estimates by 2020 there will be more than 20 billion internet-connected things, more than triple that of 2016. This includes consumer and business applications.
Gartner estimates total spending on IoT services and applications hit $2 trillion last year. While IoT is a global phenomenon, the U.S., China and Western Europe are driving the biggest use of connected devices, comprising about 67% of the overall IoT devices and usage last year, Gartner reported.