The Internet of Things (IoT) is a machine-based network of devices capable of transferring data without human interaction or intervention.
The Internet of Things refers to a network of devices beyond computers, all assigned unique identifiers which allow them to communicate via the Internet. Smart light bulbs, smart thermostats, and smart locks on your home represent modern examples of devices contained under the IoT umbrella. As a rapidly growing space, experts predict end-user spending on IoT solutions to reach $1.567 billion by 2025.
The Internet of Things provides unique opportunities for your business to develop or to utilize new and cutting-edge products and services. As IoT becomes more integrated in our daily lives, so too does the potential for your brand to do the same.