The internet changed our world, connecting our computers across distances, brought us email and bulletin boards and instant messaging and social media. Websites, internet marketing, and search engines are a part of everyday life now.
And in recent years, the concept of the internet has been expanding, moving into the physical world. The Internet of Things (IoT), networks of connected physical devices, is altering industries in ways that we are only beginning to imagine. From robots on the factory floor, to smart homes controlled from the smart phone in your pocket, for the most part there is no telling what’s coming next.
For the most part. Because one thing is certain: the companies that contribute to the Internet of Things are going to reap the benefits, as will the investors who get in early. And there is plenty of potential in IoT; according to the market research agency Mordor Intelligence, the IoT market was worth 761.4 billion in 2020 – and is headed up a quick pace, expected to reach $1.37 trillion in the next five years.