Combined , businesses , governments and consumers will invest nearly
to install IoT solutions in 2020 , PwC
Butaney recommends a four-step process for picking the right IoT wireless technology to reduce costs , complexity and security risks :
1 . Decide what IoT device you are going to connect
2 . Decide the application requirements - latency , reliability , cost , thrupu , etc
3 . Decide the deployment scope - indoors or outdoors , over miles or a few hundred feet
4 . Assess the technology options against those requirements
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Combined , businesses , governments and consumers will invest nearly
US $ 1.6trn
to install IoT solutions in 2020 , PwC
Overall , Butaney expects IoT to continue to deliver radical transformation across industries . “ In a sense , the future is now . IoT is already critical today for many businesses . This will only become more pervasive .” Just a few examples of the future and current impacts of IoT include : connecting intersections to reduce traffic and improve road safety ; connecting robots to reduce machine downtime through predictive maintenance ; and connecting workers to improve worker safety ( measuring worker proximity in an age of pandemics ). businesschief . asia