Experts predict that by 2020 there will be 4.3 Internet-connected devices for every man, woman, and child on the planet.
Each of these connected devices generates data that is pushed, pulled, collected, sorted, analysed, stored, and examined. This data, and the information being extracted from it, has become the foundation for what is being called the new “Digital Economy”. Revenue resulting from IOT is estimated to exceed $300 billion in 2020, with a global economic impact of $1.9 trillion.
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