The Internet of Things is here and it’s growing rapidly. Internet of Things (IoT) or Internet of Everything (IoE) refers to devices or objects that are connected to the Internet, like your smartwatch, Fitbit, or even your refrigerator. These devices are able to collect and transmit data via the Internet, contributing to our big data world.
Smart, connected devices are already transforming our world and the competitive forces in business. To demonstrate how fast this sector is growing and what an impact it will have on our lives and business, I’ve rounded up 17 of the most mind-boggling IoT numbers and stats that prove that the phenomenon is here and here to stay.
- The majority of people (87%) have not heard of the term ‘Internet of Things’.
- ATMs are considered some of the first IoT objects, and went online as far back as 1974.
- Back in 2008, there were already more objects connected to the Internet than people.
- This year, we will have 4.9 billion connected things.
- And some predict that by 2020, the number of Internet-connected things will reach or even exceed 50 billion.
- In 2015, over 1.4 billion smart phones will be shipped and by 2020 we will have a staggering 6.1 billion smartphone users.
- The IoT will connect many of the devices we have in our homes, from smart thermostats to smart fridges. Companies like Google GOOGL +0.85% and Samsung understand this. Google bought smart thermostat maker, Nest Labs, for $3.2 billion, and Samsung purchased connected home company SmartThings for $200 million.
Source: forbes.com; image: visionair.nl