Internet of Things is a term that refers to the growing network of connected devices everywhere that use embedded sensors to collect and exchange data. Everything IoT connects via internet, so the online content and data people create will only increase. Your car? Connected to the internet. Your home? Connected to the internet. Everything from coffee makers to lights and refrigerators have already been incorporated into the IoT.
Beyond your personal universe, IoT is big business and big money. According to Forbes, “The combined markets of the Internet of Things (IoT) will grow to about $520B in 2021, more than double the $235B spent in 2017.” Growth follows where the dollars are. So expect to see your life become even more interconnected with IoT in the coming years.