IoT is more than smart homes and connected appliances; it could soon expand to include manufacturing floors, healthcare, transportation, and energy grids.
Industry experts and excited consumers have pegged Internet of Things (IoT) as the next Industrial Revolution. IoT is transforming the way businesses, governments and consumers connect with the physical world, driving digital transformation that enterprises will undergo in the coming years.
This year, more than $1.3 billion were invested in IoT, witnessing an amazing measure of activity in Blockchain for security and artificial intelligence. The startup environment for IoT security has been one of the fastest accelerating sectors in private funding; capital tracking in 2017 was close to $500 million with constant month-over-month growth.