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Transforming to an IoT Business
The majority of people are familiar with the Internet of Things (IoT), which was first coined in 1985 and was born according to Cisco Systems in 2008 when more things were connected to the internet than people. In practical terms, IoT is defined as physical objects that connect and exchange data with other devices and systems over the internet. Now, IoT is ubiquitous, especially in the consumer market, where home automation/monitoring is now quite common. As of 2020, there were over 12 billion connected devices with a forecast of more than 30.9 billion IoT devices worldwide by 2025 (source: Business Insider, IoT Analytics, Gartner, Intel, Statista). There were 5.8 billion connected automotive and enterprise ...
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