According to Business Insider, the Internet of Things (or IoT) may be akin to a new “Industrial Revolution [in how] it will change the way all businesses, governments, and consumers interact with the physical world.” As we have covered before, the IoT refers to a network of physical “things” or devices such as smartphones, smart watches, televisions, and even automobiles that have the ability to connect to other devices securely. Exploding at an expanding rate, it is expected that by 2020 over 34 billion IoT devices will be connected on the Internet – a considerable increase in regards to the current status of 10 billion according to Business Insider Intelligence’s two-year study.

In their released infographic summarizing many key aspects of the report, Business Insider explores these projections and how they will affect adoption and growth over the next few years.

Internet of Things

Source: Business Insider

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