- The Internet of Things (IoT) is an ever-growing network of physical objects that feature an IP address for internet connectivity, and the communication that occurs between these objects and other Internet-enabled devices and systems
- IoT has been forecast to deliver up to $11 trillion to the global economy by 2025 and up to $120 billion annually to the Australian economy in the same time frame
- It’s predicted there will be up to 30 billion connected IoT devices by 2020 and 300 billion by 2030
- By 2022 IoT will save businesses and customers an astronomical sum of $1 trillion a year in maintenance and services. Some of that will start happening in 2018

Internet of Things
Posted in IoT.