WebFeb 22, 2024 · The term ‘Internet of Things’ was coined in 1999 by the computer scientist Kevin Ashton. While working at Procter & Gamble, Ashton proposed putting radio-frequency identification (RFID) chips on products to track them through a supply chain. He reportedly worked the then-buzzword ‘internet’ into his proposal to get the executives ... WebMar 28, 2024 · The expansion and popularization of fitness bands and smartwatches resulted in high people’s awareness of the term “Internet of Things”. According to fortune business insights, the global fitness tracker market is projected to grow from $36.34 billion in 2024 to $114.36 billion in 2028 at a CAGR of 15.4% in forecast period 2024-2028.
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WebThere is a danger of trivialising the importance of the Internet of Things through examples that are used to stereotype it - for example, the ‘fridge that orders fresh milk’. The Internet of Things has the potential to have a greater impact on society than the first digital revolution. There are more connected objects than people on the planet. WebThe global Internet of Things (IoT) market size was valued at USD 605.69 billion in 2014. Technological proliferation and increasing investments are expected to drive the global market over the next seven years. Significant advances in telecommunication and growing penetration of internet and broadband services have further propelled the growth ... maestro viscount amp
What is the Internet of Things? - World Economic Forum
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