The IoT, or Internet of Things, is burgeoning. While the better known internet is made up of humans communicating with one another, the IoT all but eliminates the human element. Essentially, once it’s all set up, the machines communicate with one another. An IoT in your home, in your city, or at your workplace is actually extremely useful.
The State of Internet of Things
In practice, an IoT can automate a lot of tasks and processes. It can make life easier, safer, and much more convenient. There’s currently a whole lot of capital moving around the IoT tech sector, over 800 companies are working on IoT devices and platforms, and new IoT components come on the market on a regular basis.
The infographic included here gives you a good visual summary of what’s happening. We made it to show you what types of technology IoT companies are focusing on, how the money is flowing, where the innovation is taking place, and more.