Understanding the Impact of Internet of Things

Liquid Telecom

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While Apple and Samsung have had the benefit of being the large, dominant players in the mobile smart phone space, there are likely to be many successful entrepreneurial companies with many different Internet of Things products that help drive the next wave of innovation.

It’s amazing when you stop and think about it. Your mobile phone has instant access to the sum total of human knowledge … and yet something important is missing: Contextual Awareness. Through sensors both stationary and wearable, the Internet of Things (IoT) has the potential to change all of that.

In a recent report, “Gartner forecasts that 4.9 billion connected things will be in use in 2015, up 30 percent from 2014, and will reach 25 billion by 2020″. As a point of reference, there are currently 2 billion smart phones in the world today and about 5 billion mobile phones according to eMarketer. That means Gartner is projecting 5x growth in IoT devices, but the real question is: Why should you care about Internet of Things? Read on…

Adapted from  Inc.com

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