There are over five billion connected devices today, and 20 billion more are expected to go online within five years, Dell claimed. This opens the doors to new applications, new ways to simplify life and new business uses for the Internet of Things (IoT) market.
“The IoT market will contribute to $50 trillion of GDP value. In the industrial world, a 1% increase in efficiency can lead to $1 to 2 billion in value,” said Michael Raynor, Director at Deloitte, highlighting the importance of IoT in business and enterprise.
