Internet of Things ahead of the pack for a new global future.
The Internet of Things (IoT) concept is basically connecting any device with any other device on the internet. Or put formally “the interconnection via the Internet of computing devices embedded in everyday objects, enabling them to send and receive data.” This includes everything from cellphones, coffee makers, and almost anything else you can think of. This also applies to components of machines – For example, a jet engine of an airplane or the drill of an oil rig. If it has an on and off switch then chances are it can be a part of the IoT and can be operated from anywhere with the help of internet. In the very near future this will create opportunities for the direct integration of the physical world and the computer based world. The result will be improved efficiency, accuracy, and economic benefits.
IHS forecasts that the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025 – That’s a massive 5 fold increase in a decade.
An even bigger forecast – “SoftBank believes 1 trillion connected devices will create $11 trillion in value by 2025.”
The Internet of Things is about to explode with so many opportunities available and many we just haven’t thought of yet. By way of an example, by 2020 you will be able to get the latest weather report from Weather Telematics Inc. as you travel home in your autonomous vehicle (AV), while checking if you have turned on the air-conditioner and washing machine using an app on your 5G enabled mobile device.
Internet of Things Inc. (TSXV: ITT) operates as an Internet of Things technology accelerator and industry acquisition company, with an objective to generate positive cash flow through a portfolio of innovative technology growth ready assets.
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New Hope IOT Intl. Inc.
With more than 600 subsidiaries New Hope Group is one of China’s largest privately-owned entities. Internet of Things has formed a joint venture with New Hope Group to become one of the top domestic ‘intelligent plant’ big data platform operational service providers. The focus will be on data monitoring and analytics by means of professional consultation and manufacturing process optimization, transforming traditional manufacturing operations into advanced ‘smart’ industrial internet of things facilities.
Weather Telematics Inc.
A Canadian based global IoT company that offers road safety data through a proprietary hyper-local mobile sensor network to generate road weather data products for enterprises, governments, and consumers. Weather Telematics is at the forefront of the explosive growth opportunity presented by the combination of Artificial Intelligence (AI) and the rapidly expanding Autonomous Vehicle (AV) market.
Braingrid is a blockchain cannabis tech company who use a wireless sensing and data collection platform that enables medical cannabis growers to securely monitor, analyse, and optimise their cultivation data. Braingrid provides an affordable versatile quick to install sensor platform to mitigate crop risk, increase yield, assist with compliance, and decrease operating and utility costs.
Blockstrain Technology Corp.
Blockstrain is another blockchain cannabis technology company. It has developed a comprehensive cannabis genetics archiving platform with the aim to transform the way global cannabis business transactions and operations are conducted. Blockstrain provides an incorruptible ledger environment that automates and encodes transactions from seed-to-sale. Blockstrain has created solutions to mitigate risk, ensure transparency and accountability, and provide security and validation for all involved parties.
In the very near future Blockchain, Artificial Intelligence and the Internet of Things will be interchangeable and very much dependent on each other. With the uptake in 5G and AVs starting now, we are looking at a new evolution in technology with companies like Internet of Things Inc. already ahead of the pack for this new global future.
Keep an eye on Internet of Things Inc. as its part of the future that’s just starting now.
Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>