Internet of Things (IoT) is a Technology concept that connects devices to the internet with the help of sensors and lets them communicate with each other over the internet seamlessly in real time thereby creating a smart environment which is auto responsive, effective and energy efficient.
If Artificial Intelligence is the Brain, IoT is the Body which executes the commands of the brain hence IoT and AI are becoming an integral part of Industry 4.0 where the businesses are primarily driven by digitization and where IoT had started positively disrupting Manufacturing industries, Supply chain, Logistics, Health sector, Agriculture, Education & Retail sectors.
Gartner had estimated well over 20 billion IoT connected devices in the world by 2020 and revenue from the global internet of things market is expected to expand at a CAGR of 21.6% over the next three years offering huge potential and opportunities to students and young entrepreneurs. There is a significant focus being laid upon industry experts on IoT edge computing and Data security for meeting the growing demands. Integrating IoT concepts early in business lifecycle helps entrepreneurs to keep up pace with the fast-evolving global market trends and add value to their customers. You can reach me at bala@leaderpods.com,