Internet of Things (IoT) smart devices can be found in many homes across the world. And while these devices have a lot to offer from an entertainment standpoint, the benefits they provide in the business world are perhaps even more impressive.
Most people are familiar with at least one Internet of Things (IoT) device, as the term refers to everything from smartphones to smart home hubs like the Amazon Echo. Statista predicts that the global IoT market will increase from $249.2 billion in 2018 to $457.29 billion in 2020, suggesting that the industry is the healthiest it’s ever been and shows no signs of slowing down.
The Internet of Things (IoT) space has expanded rapidly in the last decade. The technology consists of smart devices that link up with one another through mobile applications, providing companies with innovative solutions that were previously unavailable.
The Internet of Things (IoT) space is currently one of the most exciting segments in the tech world. The technology is evolving rapidly, connecting mobile, home and business devices with each other. In fact, the global IoT market is expected to reach nearly $250 billion by the end of 2018 and more than $457 billion by the end of 2020, according to Statista.
Businesses have been developing mobile apps for hotels and short-term rentals in an effort to succeed in the ever-changing hospitality industry. Technology plays a large role in the hospitality industry thanks to its ability to improve the guest experience through added convenience and comfort.
There is no denying that Internet of Things (IoT) devices are having a major impact in the home, with smart devices such as Nest and Echo offering users an interconnected network of devices that interact with each other. The technology is also popular in the manufacturing world, providing a variety of ways to streamline the process of creating a product. However, Internet of Things applications go far beyond these two industries. Read More
Over the past couple years, your company has accrued lots of IoT-enabled equipment. And while you’re managing each of those items individually over WiFi, there is a world of difference between WiFi and a true IoT network. At the end of the day, you’re falling short of your full potential.
Amazon reportedly sold over 10 million Echo devices between 2014 and 2017, each equipped with Alexa—a virtual assistant that leverages natural language processing (NLP) technology to fulfill your requests. Google and Apple have also released virtual assistant-equipped IoT devices that allow users to do everything from playing a specific song, adjusting the lighting or starting their coffee maker to dispatching their Roomba.
As the Internet of Things becomes an established fixture in the market, it’s now fairly commonplace to hear IoT and WiFi mentioned in the same breath. But many company leaders make the false assumption that IoT and WiFi connections are the same. A common train of thought is, “Let’s add a WiFi module to our product and make it an IoT device!” That’s because, at a quick glance, an IoT ecosystem and a far simpler WiFi network can look quite similar. But when it comes to functionality and management, the differences are significant. If you fail to appreciate those differences, you could end up with a very disappointing user experience.
The ever-growing internet of things (IoT) is disrupting and transforming many industries, with companies investing heavily in machine-to-machine (M2M) technology, LPWAN (low-power wide area network) infrastructure and mobile applications. In fact, projections from a 2017 IoT report from Business Insider have companies investing nearly $5 trillion into the IoT from the start of 2017 through the end of 2021. The same report also predicts that 2021 will see 22.5 billion IoT devices in use—a tremendous jump from the 6.6 billion devices online in 2016. Others are predicting IoT technology will account for $19 trillion in economic activity in the coming decade.