The Internet Of Things

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The Internet Of Things in FOUR charts

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We already have televisions, cars, homes, industrial equipment and other things connected to the Internet.

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They can automate systems for us, allow us to communicate easier, and collect data for us.

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So whether we’ve known it or not, the Internet of Things is already here.

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But the amount of Internet of Things (IoT) connections is about to explode.

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Take a look…

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Here we are! Source: Cisco.

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While American technology companies are making lots of IoT progress, Asia currently has the most connections.

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Source: GSMA.

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That’s because China’s government has committed to spend $603 billion by 2020 for machine-to-machine connections.

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So what’s the worth of all of these connected things?

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Probably much more than you think.

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Source: IDC.

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But not everyone has the same predictions.

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Cisco believes the market size will be $19 trillion by 2025.

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The potential market size is so big because the IoT is about increasing efficiency, as well as creating new profits.

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And those efficiencies will touch nearly every part of our lives: healthcare, transportation, utilities, etc.

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General Electric says that a 1% increase in efficiencies from the Industrial Internet (part of the IoT) will have huge savings.

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Source: GE.

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There’s still a lot of room for varying Internet of Things predictions.

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But even if we look at the low estimates, the Internet of Things will still have a huge impact on our lives.

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And we’ve only just begun.

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