Our cities and urban centers are changing, but not just in regular, expected manner, they are changing significantly, both in what they offer and how they offer their services. This has and will continue to have a profound effect on how people live in cities, who lives in cities and how they interact with municipalities and municipal […]
Interconnected devices or what is known as IoT (Internet of Things), IIoT (Industrial Internet of Things) or IoE (Internet of Everything) is the fastest growing technology revolution undergoing in the world today. Conservative estimates put Industrial IoT market at US $15 Trillion in 10 years time.Accenture reports IoT market was worth US$ 20 billion in 2012 and is expected to reach $500 billion in 2020 and $15 trillion by 2030. IDC has that market to be worth $665 billion in 2014 and reaching $1.7 trillion by 2020. It is expected that by 2020 over 29 billion devices will be connected and 31% of the economy will be just devices.