What is IoT

We see these letters more and more, but many folks do not know what they mean. They mean the "Internet of Things."  The IoT is a network of objects connected to the internet that can collect and exchange data.

The new car loaded with apps, the smart home devices that let you control the thermostat and lights with voice commands, the fitness tracker that lets you share your exercise progress with friends and health data with your doctor are all part of IoT. Think about GPS-guided agricultural equipment that can plant, fertilize, and harvest crops.

Business Insider Intelligence estimates that there will be 24 billion IoT devices installed globally by 2020, along with an additional 10 billion PCs, and other devices. It is estimated that $6 trillion will be invested in IoT solutions during the next five years.