With the relentless trend towards the miniaturisation of computer chips, sensors, actuating devices, and radio transceivers in microcontroller ICs, the potential for the Internet of Things (IoT) to really shake up the Asset Management industry is finally here. Discover more about how this transformative technology will change the way we all do business.
The trend towards miniaturisation, which has now reached a tipping point, means that embedded systems can now be built into things and devices of almost any size at an affordable cost with sufficiently low power to enable batteries to operate the devices for up to ten years. In effect you can now monitor virtually anything cost effectively. It is anticipated that the IoT industry will be worth $19 trillion by 2020. But what will this mean for you?