Internet of Things (IoT) is a network of internet-connected objects able to collect and exchange data using embedded sensors. 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from 2015, and will reach 20.8 billion by 2020.
Gartner estimates that the Internet of Things (IoT) will support total services spending of $235 billion in 2016, up 22 percent from 2015. Services are dominated by the professional category (in which businesses contract with external providers in order to design, install and operate IoT systems), however connectivity services (through communications service providers) and consumer services will grow at a faster pace.
IoT has a great deal to offer businesses today. Cost reduction, improved efficiency and previously unknown insights help in driving innovation and starting businesses on new revenue paths.
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As successful IoT implementation does not depend on the connectivity of devices alone, but a complete ecosystem. The key components of the ecosystem consist of Design, Data and Device. Managing all these critical aspects of the IoT ecosystem requires expertise in design, user experience, data handling, mobility, cloud and Product Development.
The sky is truly the limit when it comes to emerging technology. And we as iNatrix, offer businesses a path to adopting IoT to experience the transformation.Get in Touch
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