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What should you know about IoT?

2016/12/01


“The Internet of Things is here and it’s growing rapidly. Internet of Things (IoT) or Internet of Everything (IoE) refers to devices or objects that are connected to the Internet, like your smartwatch, Fitbit, or even your refrigerator. These devices are able to collect and transmit data via the Internet, contributing to our big data world.”

 

Undoubtedly, whether you have noticed or not, you are in an IoT world. You may wonder since when the world has been connected by Internet. However, this becomes less important than things that you must know about what is going on regarding IoT.

 

IoT technology, as an important part of building an intelligent world, is the future priority of JHCTECH. Because we believe that in the near future, all devices can be connected through Internet and have interactions anytime and anywhere.

 

The following 17 tips made by Bernard Marr has clearly revealed that past the present and the future trend of this area. 

 

“1. The majority of people (87%) have not heard of the term ‘Internet of Things’.

2. ATMs are considered some of the first IoT objects, and went online as far back as 1974.

3. Back in 2008, there were already more objects connected to the Internet than people.

 

4.This year, we will have 4.9 billion connected things.

 

5.And some predict that by 2020, the number of Internet-connected things will reach or even exceed 50 billion.

 

6.In 2015, over 1.4 billion smart phones will be shipped and by 2020 we will have a staggering 6.1 billion smartphone users.

 

7.The IoT will connect many of the devices we have in our homes, from smart thermostats to smart fridges. Companies like Google GOOGL +0.39% and Samsung understand this. Google bought smart thermostat maker, Nest Labs, for $3.2 billion, and Samsung purchased connected home company SmartThings for $200 million.

 

8.By 2020, a quarter of a billion vehicles will be connected to the Internet, giving us completely new possibilities for in-vehicle services and automated driving.

 

9.In fact, we already have cars that can drive on their own – Google’s self-driving cars currently average about 10,000 autonomous miles per week.

 

10.The global market for wearable devices has grown 223% in 2015, with Fitbit shipping 4.4 million devices and Apple AAPL -0.11% selling 3.6 million Apple Watches.

 

11.And yes, Internet-connected clothing is coming. Estimates predict that 10.2 million units of smart clothing will ship by 2020, compared to a meagre 140K units in 2013.

 

12.Today, the market for Radio Frequency Identification (RFID) tags, used for transmitting data to identify and track objects, is worth $11.1 billion. This is predicted to rise  to $21.9 billion in 2020.

 

13.Machine-to-machine (M2M) connections will grow from 5 billion at the beginning of this year to 27 billion by 2024, with China taking a 21% share and the U.S. 20%.

 

14.GE believes that the “Industrial Internet” (their term for IoT) will add $10 to $15 trillion to global GDP in the next 20 years.

 

15.According to estimations by the McKinsey Global Institute, the IoT will have a total economic impact of up to $11 trillion by 2025.

 

16.Having a connected kitchen could save the food and beverage industry as much as 15% annually.

 

17.CISCO believes the IoT could generate $4.6 trillion over the next ten years for the public sector, and $14.4 trillion for the private sector.”

 

Apparently, there is a big potential in the market of  IoT.Many devices in many countries still waits to be connected and want to be able to realize intelligent connections in their lives and business activities.

 

JHCTECH is committed to provide supreme controlling industrial computers to speed up their process to a real IoT world.

 

(ForbesBernard Marr)

 

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