IoT (Internet of things or sometimes Internet of Everything) is the network of physical objects or "things" embedded with electronics, software, sensors, and connectivity to enable objects to exchange data with the manufacturer, operator and/or other connected devices (Source Wikipedia: The Internet of Things)
In a recent study McKinsey state that the value of the industry by 2025 could be worth $11.1 Trillion, or 11%+ of the global economy, read more here.
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Press Release for new Internet of Things Platform development
Locally owned Digital Marketing and Development Agency Zarex Limited announced today that it is investing in the development of a local platform to power one of the worlds FASTEST GROWING TECHNOLOGY SEGMENTS - the INTERNET OF THINGS.
The Internet of Things (IoT) is widely expected to be one of the largest sectors of the global economy. In June 2015 McKinsey predicted the value of the market could reach as much as *$11 Trillion per year in 2025*, a significant portion of the total global economy.
Get the feeling that the world is becoming more connected? It is. From wifi enabled lightbulbs, to RFID for catdoors the demands of your customers, and offerings from your suppliers will challenge your position and value-add.
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