IOT

Internet of Things (IoT) is bringing new solutions to streamline many age-old and stagnant processes the world is accustomed to. IoT, one of the hottest abbreviations of the time, is using technology to control things that generally are operated manually. A few examples to mention would be, adjusting the home temperature by using a smartphone or connecting a TV or a computer to user’s smartphone. Companies like Xpede enable users to connect their devices to their smartphone just by tapping the device in question with one’s mobile device. Tekoia, which have developed SURE Universal Remote platform, connects users, appliances and appliance vendors. IoT is speeding up across the globe and according to McKinsey Global Institute; IoT can create an economic impact of $2.7 trillion to $6.2 trillion annually by 2025.

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