“Information technology is revolutionizing products, from appliances to cars to mining equipment. Products once composed solely of mechanical and electrical parts have become complex systems combining hardware, sensors, electronics, and software that connect through the internet in myriad ways. These “smart, connected products” offer exponentially expanding opportunities for new functionality,
Some of the hardest changes, are the most important. The massive shift to digitalize industries, sometimes referred to as Industry 4.0 is a great example of difficult, yet critical changes that need to happen. Just as the Internet of Things (IoT) is set to shake up tons of other industries
According IoT Analytics, there are over 17 Billion connected devices in the world as of 2018, with over 7 Billion of these “internet of things” (IoT) devices. The Internet of Things is the collection of those various sensors, devices, and other technologies that aren’t meant to directly interact with consumers, like phones or computers. Rather, IoT devices help provide information, control, and analytics to connect a world of hardware devices to each other and the greater internet. With the advent of cheap sensors and low cost connectivity, IoT devices are proliferating.