TECHNOLOGY TRENDS
Internet of Things is buzzword in fast-changing times
Technology businesses expect 50-billion devices connected to the internet by 2020
The internet of things (IoT), digitisation of businesses operations, blockchain, cyber security threats, virtual and augmented reality, and transformation to mobile first platforms top the list of 2017 technology trends. The adoption of the IoT is expected to accelerate and serve as a key driver to the growth and development of information and communications technology. The IoT refers to a network of objects or devices — or "things" — that have embedded technology to enable them to interact with each other. The IoT market is in its early growth stage, but the take-up is driven by the need for businesses that are digitising operations. Technology businesses expect 50-billion devices connected to the internet by 2020. Frost & Sullivan research analyst Deepti Dhinakaran says fleet management, retail, energy, security and surveillance and manufacturing will see growth in IoT services during 2017. Other areas such as agriculture, mobile health and wildlife conversation will also grow ste...
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