Internet of Things or connected devices and objects, reports the Economic Times, from sharks in the ocean to smart refrigerators to inhalers that are provided with sensors to transfer data over a network, may be the next big business idea. According to McKinsey Global Institute, the Internet of Things (IOT) revolution has the potential to create economic impact of anywhere between $2.7 - 6.2 trillion annually by 2025 as the number of connected devices is expected to increase dramatically to anywhere between 50 billion to 1 trillion devices. There are several smart devices from refrigerators, cars to medical devices that help in collecting data or to control their operations via the Internet.
With everything being connected can anything be unconnected? All the data from all the devices will be available to whom?
Digital Asian
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