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The world now is pulsing to the beat of eight billion connected devices. By 2031, this number is expected to reach over 200 billion devices, which is 25 times the world's population. The Internet of Things (IoT) is definitely here, but are CIOs(Chief information officers) prepared?
This isn't a frivolous question; preparation is crucial. “By failing to prepare, you are preparing to fail,” said Benjamin Franklin.
What is IoT?
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The Internet of Things (IoT) is a network of physical objects (or "things") that are implanted with sensors, software, and other technologies to connect and exchange data with other devices and systems over the internet. The functionality of these devices ranges from simple domestic items to sophisticated industrial instruments.