IoT, better known as “The Internet of Things,” is a term given to an emerging technology that uses cloud connected devices to gather data from sensors which can be used for further analysis. Both organizations and individuals can use this data to make intelligent decisions which could lead to cost saving measures or new profit verticals. IoT can be used in just about anything: buildings, automobiles, and even entire cities are being outfitted with IoT devices.
The Internet of Things has become somewhat of contentious topic in the IT world. While many are excited at the prospect of a world controlled by the Internet of Things, others feel that IoT could be an over-hyped technology. Some IT professionals are skeptical of Cisco’s prediction of there being 50 billion IoT devices in use by 2020. Could IoT enthusiasts be overly optimistic in their predictions?