The Internet of Things Will Explode by 2020

By the year 2020, there will be 24 billion Internet of Things (IoT) devices installed around the world. In fact, it is predicted that every day in 2016, we will see 5.5 million new things get connected (TeamViewer). IoT has been labelled as The Next Industrial Revolution because it will change the way people live, work, entertain, and travel, as well as how governments and businesses interact with the world (Business Insider). It surrounds us in our everyday lives; from how we live to how we communicate. The IoT is a network of internet-connected objects that are able to collect and exchange data without requiring human-to-human or human-to-computer interaction.

Most people interact with IoT technology on a daily basis. Some everyday examples you may be using include:

  • Smart home devices such as smart thermostats
  • Wearable fitness trackers
  • Smart phones
  • Smart watches
  • Microchips

The impact of IoT is not limited to areas of our daily life as consumers and employees; it will also lead to innovative changes in the IT infrastructure that companies depend on. The following infographic, courtesy of Business Insider, dives into what IoT is and how rapidly this revolution is growing across several different industries.

The Internet of Things Will Explode by 2020 Inforgaphic

 

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