The Internet of Things
The Internet of Things (IoT) refers to the network of physical things that combines internet connection, electronics, software, and sensors to enable exchange of data with the producer and/or other physical things. IoT builds on earlier developments like Machine-to-Machine communication – used in industrial equipment for monitoring for decades – but with IoT, processing power and connectivity have become so cheap and widespread that there are now exponentially more opportunities for companies to pursue, one being Big Data.
IoT is not just a thing of tomorrow. Right now, there are about 14 billion IoT units installed, and by 2020, this number will have reached 26 billion devices globally. This affects not only companies but has the potential to change society, what we expect of our surroundings, with things interacting seamlessly and independent of humans and generating almost