How IoT Is Redefining the Future of the Electronics Industry

As an increasing number of devices get connected to the cyberspace, we are embarking on a new journey towards creating a fast-paced industry called the Internet of Things (IoT). In 2015, over 15.4 billion devices were connected to the internet, and the Information Handling Services (IHS) predicts that this number will go up to 30.7 billion by 2020. According to General Electric, IoT will add $10 to $15 trillion to the worldwide GDP growth by 2030.Thus, it is time for companies to think about the long-term implications of IoT on their businesses.The Internet of Things refers to a connected network of devices with an on/off switch to the internet. These devices can interact with the environment and other devices that are a part of the same network. Read More