As the Internet of Things (IoT) comes into focus, a majority of organizations across the world are trying to understand its role and relevance to their growth. IoT already connects more than 10 billion devices worldwide and over the next five years, this number is expected to grow to 100 billion. By 2025, IoT will generate economic benefits between USD 4 to 11 trillion globally. By all indications, IoT is a logistical and economic force that every organisation should address.
Smart transportation and healthcare will be key deployment areas, finds Frost & Sullivan’s Digital Transformation team