By Charlie Osborne
Verizon believes that the mass adoption of tech which tracks our location through Internet of Things connected devices is a reality far closer than we believe to be.
The Internet of Things (IoT) is the concept of connecting devices to the Web and to other appliances to make energy use more efficient, appliances more effective and to use data which makes daily lives more convenient. From smart fridges which alert you if temperatures drop too far to keep food fresh to coffee machines which automatically turn on when you wake up and vehicles that ‘talk’ to each other and share data, IoT is a fledgling industry with much potential.
Cisco estimates that IoT will generate $14.4 trillion in economic activity in the next decade. However, according to Kevin Link, senior vice president and GM China at Verizon Telematics, it is the bridge between IoT and the connected car which has the most potential in today’s business environment.