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Why is IoT the ‘Next Big Thing’ for Business?

When IoT was first introduced in 1999 by Kevin Anton to promote RFID technology, it garnered significant interest for pushing the concept of ‘talking and connected’ devices beyond the science fiction novels.
Even today, IoT adoption carries similar amount of interest as well as resistance by enterprises and businesses across industries. According to the statistical data from Statista research, the total number of connected devices exceeds our population back in 2008! In another two years, this number is expected to touch 50 billion mark and will impact savings and profit worth 19 trillion USD on IoT investment.

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