When we talk about the latest technological advances and innovations, IoT is one notable mention that just cannot be overlooked. Giving every device with the internet functionality the power to interact and work seamlessly with humans, IoT is one massive technology! The technology is being aggressively worked upon these days and it is speculated that the year 2020 will mark a global investment exceeding the US $70 billion in IoT.
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The internet of things, or IoT, is a simple technology to think of. However, it can accomplish an endless number of tasks when putting to use. Batch processing, industrial management, supply chain management, inventory, home, and home appliances management, managing massive production units and industrial plants and lots more — IoT empowers and drives many sectors!