In a not so distance future, likely in a decade time, our living environment will look different from today and connected differently with the rise of Internet of Things (IoT).
IoT will pave the way for lucrative business opportunities to organization, especially an ICT company. IoT will offer benefits for the society, especially the urban dwellers.
We will live in a world surrounded by IoT devices from smart living, smart industry and smart farm to smart city.
We see that many of IoT business use cases are based on practical business objectives to improve operational efficiency or improve user experience, building on existing foundations, for example predictive maintenance based on additional sensory input, real time location systems for vehicle and asset track and trace. ~ Bob Seed.
Below is the projection of IoT by 2020, and the numbers are huge.
Source: PCCW Solutions
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