Internet of Things (IoT)

Internet of Things, integrated into the manufacturing, processing and logistics The IoT is a term coined by Kevin Ashton back in 1999 and the term quickly gained popularity as a way to refer to physical devices that are able to connect and exchange data.

IoT will consist of about 30 billion objects by 2020” and that “the global market value of IoT will reach $7.1 trillion” by the same year.

IoE is considered a superset of IoT.

Cisco, first coined the term the Internet of Everything, process , people, data, and things together to make networked connections more relevant and valuable.