The Internet of Things (IoT) could impact the global economy to the tune of $6.2 trillion by 2025, according to McKinsey&Company. But what does that mean? The simplest definition of the IoT is “a proposed development of the Internet in which everyday objects have network connectivity, allowing them to send and receive data.” This definition uses the term in a sentence, which could also serve as a disclaimer: “if one thing can prevent the Internet of things from transforming the way we live and work, it will be a breakdown in security.”
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