The Internet of Things is no longer the future. It’s very much the present and the market is growing at an exponential rate, says Robin Kent, director of European operations, Adax. It’s set to quadruple in size, growing from US$900 billion (€758.25 billion) in 2014 to $4.3 trillion (€3.62 trillion) by 2024, with more than 30 billion connected devices in use.
The Internet of Things (IoT) is being hailed as the next big thing in the tech world. The way in which we live our day-to-day lives will change forever when all of our products and devices become ‘connected’ – that’s if we’re led to believe everything we see and hear.
One of the problems with the Internet of Things (IoT), says Robin Kent, director of Adax, is that not all network operators have figured out how to make money from it. Jeremy Cowan, editorial director of IoT Now listens again to a voice of experience.
Do providers of Internet of Things services view the IoT as a new revenue stream or a cost-saving exercise? This is one of the key questions Jeremy Cowan of IoT Now put recently to long-time communications industry observer Robin Kent, director of Adax.
Just this week, says Robin Kent of Adax, I was on a train from Frankfurt to Nuremburg in Germany attempting in vain to get some work done.
According to some estimates, the Mirai malware has now infected almost half a million Internet of Things (IoT) devices worldwide, more than doubling the impact of the original Mirai botnet. This is not down to a lack of technology, say experts, but to negligence and stupidity.
The speed at which the telecoms industry is needing to keep up with rise of the Internet of Things (IoT) is quite alarming.
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