Jul 12, 2015Science and Technology
Internet of Things (IoT): Business Opportunities 2015-2025

The Internet of People runs to billions of devices already. The Internet of Things will involve ubiquitous smart objects that sense and communicate directly over the internet creating better data without human intervention. Its time has come because there are now enough IP addresses available for tens of billions of items, hardware costs are now affordable and large companies are backing it. There are far more things than people so it could overtake the IoP business eventually. In 2024, tens of billions of smart objects are likely to be involved.

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