posted at 07:50
Author Name: John Greenough
Four Elements Driving IoT
IoT device shipments will reach 6.7 billion. A new report from BI Intelligence finds that there are four key elements that are driving the explosion in the IoT. The report also provides downloadable charts, forecasts, and analysis on how the IoT market will develop over three main sectors - home, government/infrastructure, and enterprise. The cost of internet-connected sensors is coming down: Many IoT devices rely on multiple sensors to monitor the environment around them. A lot more money is being poured into the IoT: Large companies like Dell have begun to aggressively open IoT divisions and innovation labs. There have also been a range of IoT acquisitions including Google acquiring Nest and Intel acquiring Basis. Innovative IoT startups, such as IoT cloud-platform provider Electric Imp and smart plug maker Zuli, have received a combined $70 million in funding just this summer. High adoption of "Remotes," especially smartphones, phablets and tablets: The IoT is heavily reliant on "Remotes," primarily smartphones and tablets that can manage the IoT.

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