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The Internet of Things (IoT) is expected to generate $4 to $11 trillion in revenues globally in 2025, according to the McKinsey Global Institute. The revenues will come from hardware, software, services and integration activities. A major benefactor of this…
The growing use of the Internet of Things is spurring development of a related technology, “Digital Twins.” A digital twin a a digital or computer model of some real object. Industrial digital twins will be animated by thereal-time incoming data…
The Intenet of Things (IoT) is the connection of devices with sensors,software and electronics to the internet so that they can communicate and exchange information with other devices. McKinsey estimates that the intenet of things will generate up to $11.1…
The Industrial Internet of Things (IIoT) targets the use of IoT for industrial and manufacturing applications. It is expected to be able it help businesses improve their supply chain and logistics management. McKinsey estimates that IIoT will have a $6.2…
Analysts forecast 30 billion interconnected objects will make up the Internet of Things (IoT) by 2020. Currently, IoT devices typically communicate back to a single centralized server that collects data from thousands or more devices. But the problem is that…