Internet of Things in short IoT is a trending technological field that converts any electronic device into a smarter one. A lot of industries are beginning to adopt this technology on to their operations to increase their productivity and improve efficiency.
From washing machines to garage space in houses, IoT technology is bringing a large number of day-to-day objects into the digital fold to make them smarter. It is also evident that the IoT technology is going to transform into a multi-trillion dollar industry in the near future.
This innovative technology not only connects the device to the internet but also provides the user, various features like real-time analytics, platform to analyze the collected data, cloud data storage, trigger an action from a remote location, remote notifications etc. Because of its wide range of applications, this technology can be integrated into almost all the industries.
Reports also state that more than 50 billion devices will be connected to the internet via IoT by 2020 transforming into a multi-trillion dollar market. Such is the importance of this amazing technology.Check Skyfi Labs IoT Projects here