The Internet of Things, also known as IoT, refers to the billions of interconnected devices, machines and sensors that collect and exchange data via an internet connection. The resulting data is known collectively as “big data.”
Currently, IoT is taking every industry by storm. Whether it’s a sensor delivering data about the performance of a machine or a wearable used to monitor a patient’s heart rate, IoT has endless use cases. And based on recent data, IoT Analytics estimates that there will be more than 30 billion connected IoT devices by 2025.