Smart Cities and the ‘Internet of Things’ By @MetraTech @ThingsExpo [#IoT]

The Industrial Revolution in the 18th to 19th centuries was a period during which predominantly rural societies in Europe and America became industrial and urban. Advances in steam technology, transportation, mass production and the telegraph collectively transformed industry and society. Today, the Internet of Things (IoT) has the potential to once again transform industry and society just as the Industrial Revolution did. Analyst firm IDC forecasts that the IoT market will grow to $8.9 trillion by 2020 with anywhere between 30 to 50 billion connected autonomous things, making the potential growth opportunities staggering as sensors, technology and networking come together to enable buildings, infrastructure and other resources to swap information. Over the next decade, as much as $3 trillion in global smart technology opportunities will exist for cities.

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