Understanding the Internet-of-Things Data Boom in 12 Slides
The Internet of Things is expected to generate trillions of dollars in business over the next decade. But where does that value come from?
The Internet of Things (IoT) is one of the most talked about trends in tech and promises to connect a wide range of previously disparate devices in a revolutionary shift that will create massive opportunities for businesses and the public sector. IDC estimates that global IoT spending will reach $1.7 trillion in 2020, and a proliferation of wearable and smart technologies looks to spur a rapid increase in the amount of inter-device communication that will play a big role in the growth of Big Data. However, creating new sensors and machine to machine (M2M) communication is only part of the story.
Click through the slideshow below for a breakdown of the significance and trajectory of the IoT data boom, and how Verizon (NYSE:VZ), AT&T (NYSE:T), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and Cisco (NASDAQ:CSCO) are shaping what could be the next big thing in tech.