Do you know about the Internet of Everything? This overview of the IoE revolution is a must read for every business today:
It all started on our PC’s. Now, single function items are becoming interfaces connected to the Internet and offering us capabilities above and beyond their original intended purpose. The phone goes way beyond making calls, the watch goes way beyond telling time, the car goes way beyond getting us from place to place, etc.
Our businesses and governments are becoming more efficient by investing in the IoT revolution. Industries like oil, manufacturing, agriculture, medicine, insurance, retail, and utilities are all actively innovating with IoT installs. Governments are improving the quality of cities and defense programs with smart, Internet-connected solutions.
However, the IoT revolution doesn’t come without hurdles. The current infrastructure is struggling to keep up with the Internet traffic. There are also security concerns around connecting everything to the Internet.
As a result of everything becoming connected, we are seeing shifts in investments and returns. There is already a great demand for network expansion, cyber security, and insurance. And generally, the prices of hardware will fall as IoT becomes less of a novelty.
Read more: The Internet of Everything — $12.6 trillion ROI expected over the next decade | Business Insider | http://read.bi/2g2hOHk