The Future of IoT (Internet of Things)
Summary
Today, there are over 3.3 billion smartphone users in the world and some regions (Africa, Middle East, Latin America) actually have a market penetration rate of greater than 100% for mobile phones, meaning that the average person owns more than one! The IoT represents one of the strongest transformative influences on the tech landscape today, with impacts on industry verticals that include manufacturing, aerospace and defense, autonomous vehicles, smart cities, connected health care applications, and more. There are features that provide current traffic information, helping drivers reach their destinations more quickly while optimizing fuel consumption. Car manufacturers are currently partnering with the worlds largest technology and transportation service companies to develop self-driving autonomous vehicles that will interface with the cloud using the IoT. Venture capital firms have already invested billions in start-up companies like Ecobee, Nest, and Belkin that offer smart home devices and there is additional competitive pressure coming from established industry giants like Samsung and Philips.
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