The Internet of Things is opening up new opportunities for businesses as well as introducing a new era of convenience for consumers. And it’s happening sooner rather than later: More than 24 billion IoT devices will connect to each other and the internet by 2020, according to Business Insider, and that’s a conservative estimate. The Motley Fool noted that other tech giants are predicting anywhere from 50 billion to 200 billion IoT devices within the next three years.
Today, more urban centers than ever are implementing a range of advanced technological systems: it’s the beginning of so called smart cities. These sensors and networks used in combination with citizens’ mobile devices create smarter cities capable of reduced pollution, increased safety, better engagement with residents and more accessible transportation options. As the majority of the world’s population – 65 percent – will call a city home by 2040, these IoT-centered, city-wide initiatives are well worth the investment. Continue reading