The “Internet of Things” is exploding. It is made up of billions of “smart” devices—from miniscule chips to mammoth machines—that use wireless technology to talk to each other (and to us).
Most IoT smart devices aren’t in your home or phone—they are in factories, businesses, and healthcare.
Why? Because smart objects give these major industries the vital data they need to track inventory, manage machines, increase efficiency, save costs, and even save lives. By 2025, the total global worth of IoT technology could be as much as USD 6.2 trillion—most of that value from devices in health care (USD 2.5 trillion) and manufacturing (USD 2.3 trillion).2
Portion from Intel's Website. Read more here
For more about the History of IoT, see our other post.