We interact with countless things each day that support us as we sleep, eat, work and play — the bed we get out of in the morning, the shower head, your toothbrush, the car steering wheel, your watch and your lunchbox. Your stove, blender and refrigerator — you get the picture. What if these objects, on which we rarely spare a second thought, had intelligence of their own?
The Internet of Things is exactly that “what if” put into action. It is physical objects, embedded and enhanced with sensors and wireless capability, sending signals to each other and data to our phones. Importantly, it is more than just hypothetical — billions of such devices exist already, and the market is estimated to reach a value of $11 billion by 2025 according to McKinsey.
These projections may actually understate IoT’s full potential, because the commodity of “thing” is essentially unlimited, unlike other markets tied to specific goods.
What does this mean for the average person? Though their integration will almost certainly be gradual, the possibilities of IoT could touch every moment of our day, changing the way we live our lives and interact with the objects around us.
Read more on Entrepreneur here: https://www.entrepreneur.com/article/278401