More than 50 billion devices will be connected to the Internet by 2020. Not just smartphones and tablets, but almost anything with a sensor on it – coffee makers, cars, cattle, machines in production plants, jet engines, oil drills, wearable devices, and more. This network is called the Internet of Things (IoT). These “things” talk to each other, collect streaming data and insights, and can advise people about the best way to use them in real time.
IoT – and the machine-to-machine (M2M) technology behind it – is bringing a kind of “super visibility” to nearly every industry. Imagine utilities and telcos that can predict and prevent service outages, airlines that can remotely monitor and optimise plane performance, and healthcare organisations that can base treatment on real-time genome analysis. With IoT technologies and applications, the business possibilities are virtually endless.