An often-quoted figure of Gartner says that “6.4 Billion Connected “Things” Will Be in Use in 2016” and use cases are far too many to be outlined in any one document.
The idea of devices connecting directly with each other is, as Kevin Ashton coined the term Internet of Things puts it as, “a big deal.”
The rapid digitization of business processes and the attendant innovations spur new business models through outcome, reduced risk and metered usage. Industries across segments adopting IoT and business models are changing fundamentally from that.
Some developments happening in this domain are-