Active IoT devices are estimated to be 24 billion in
numbers by the end of 2020. That’s quite a lot of devices in a short span of 3
years for a technology that was not even widespread some years ago. The term
‘IoT’ was coined in 1999 by Kevin Ashton. But even today, most people are not
aware of this emerging technology that has more potential of exponential growth
than anything else in this upcoming year of 2018.
People, businesses and governments are all using the IoT ecosystem to full extent. In layman’s term, a physical device capable of connecting to an internet address. IoT is the next industrial revolution of 2018 and many more years ahead. The way IoT impacts the life of people and things that people connect with more often will totally change the way of people and their business interact with the world.