The Internet of Things (IoT) is the inter-networking of physical devices, vehicles (also referred to as "connected devices" and "smart devices"), buildings, and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to collect and exchange data.
Many estimates place the number of connected devices by 2020 in the tens of billions, and Intel anticipates that we’ll have 200 billion Internet-connected things by 2030.
The IoT is a digital disruption that has shifted power to customers, who are demanding digital transformation from companies they do business with. It’s moved companies to straddle a digital fence as they scramble to meet demands and adapt to the new frontier of hyper-connectivity. On one side, they’re counting on legacy enterprise systems to provide dependable, proven results. On the other side, they’re investing in new, innovative applications focused on agility and speed.
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