Many research institutes state that IoT application development will have a $6.2 trillion impact on the global economy by 2025.The economic value added by IoT will be around $19 trillion by 2020, according to Cisco.
IoT applications are revolutionizing the way businesses run, irrespective of the industry with the inclusion of wi-fi availability all over a surge in smartphone usage, digitalization across the global expansion of connectivity with cheaper connections and smart devices, with reduced costs, resulting in a better economy.
>>>Let us address the impact of IoT across various industries Different nations can trust IoT devices to better a better future by overcoming several challenges many countries are facing today.
Agriculture: IoT devices can be used for proper utilization of resources like fertilizers and water resulting in high yield agriculture.This will result in more predictable demand-supply requirements.
Government: IoT devices can help in collecting more accurate information for better decision-making, helping in improved transparency and accountability.
Healthcare: IoT devices can contribute in Health maps on demand, and better services in case of emergency and disaster.