- OpenText™ | Blogs
- 15.08.2017
- EN
OpenText™ "The Future of Information: Enter the Machines"
As the Millennials enter the workforce, the machines will follow. And so cometh the machine.
The Internet is constantly evolving. The Internet of Things (IoT) has been identified as the next phase in the evolution of the Internet. It will transform the world as we know it, creating a giant, global network of devices and machines that are connected, communicating, and exchanging information. This market will see 50 billion devices connected by 2020 and a value of $14.4 trillion. The potential impact of the IoT on every industry is huge.
While the IoT is viewed by many as a nebulous, futuristic concept, in reality it already exists: we wear pedometers, smart watches, and cameras; our pets are micro-chipped; and we drive cars with built-in sensors. Thanks to the IoT, many of our everyday appliances will soon have the ability to self-monitor and communicate with a network.