There are more than 12 billion connected devices in the world more smart "things" than people. Innovative companies are adopting IoT strategy and technology to rethink their products and services and redefine their relationships with customers, employees and partners. Connecting the sensors, devices and machines in the physical world to the Internet creates multiple new digital opportunities for industries.
Internet of Things (IoT) is changing the business landscape, creating opportunities for new sources of revenue, smarter interactions with customers, and greater efficiencies. IoT will be one of the most disruptive technology trends in the next decade, with sweeping implications for businesses and policymakers. The real promise of IoT lies in the ability to combine machine-generated data with data created by humans for deeper insight, understanding, and real-time decision making. IoT solutions will have a significant impact on nearly every industry, creating new business models and new sources of operational efficiencies.