Questions On The Internet Of Things Essay

857 Words Dec 12th, 2016 4 Pages
5 Tips You Need to be Aware of Before Investing in the Internet of Things

How many times have heard of the Internet of Things (IoT)? And some of you might even be interested in investing in this emerging technology. But before you do, you should fully understand what IoT is and how this new concept is expected to grow over the next few years. Simply put, IoT is the connection of all things (such as cars, devices, and even appliances) which have never been connected before.

Here’s an example.

If you take an ordinary watch and connect it to the internet, you would have a “smartwatch.” Unlike a standard watch, this new smartwatch can track everything from your location, the number of steps you take in a day, and even notify you of incoming text messages and emails. By simply being connected to the internet, this new watch has an entirely new purpose. This is why IoT is so important – it takes a seemingly mundane device and makes it much more advanced and “in tune” with your daily life.

IoT is the next massive technology, but before you decide to invest in any IoT-based product or business, there are five things to keep in mind. Use the following checklist as a gauge to see if your investment in IoT is worthwhile or not.

1. The first thing you have to keep in your arsenal of knowledge is what IoT is actually worth. By the year 2020 this massive technology is expected to be worth more than $7 Trillion, and this is a conservative estimate. Some IoT experts are even…

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