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While there are many definitions, in its simplest term, Internet of Things (IoT) is really the applications of smart sensors, information and communications technology to connect the billions of devices around the world to create new applications and business models that enable a more-efficient, cleaner, safer, and better way of living.
• IoT Presents Enormous Scale with Infinite Possibilities
– Billions of Connected Devices by 2020
– Over 1 Billion Smart Meters (Navigant Research)
– 80 Billion Total Devices with 500 Unique Device IDs per Square Kilometer (IDC)
• Millions of Opportunities & Applications