|By Mike Kavis||
|August 9, 2014 04:45 PM EDT||
The Internet of Things (IoT) is a new hot buzzword and like most buzzwords, its purpose and definition are grossly misunderstood. When some people hear the term IoT they immediately associate it with a refrigerator reminding us to order milk or our Fitbit wearable device tweeting how we just "crushed a 4.1 mile run".
Neither of those use cases are very compelling to most of us which makes it hard to fathom how experts can predict that by 2020 there will be greater than a one trillion dollar market that vendors will be trying to claim a piece of.
Check out my latest post of Forbes that discussed real use cases with real business value. You won't want to underestimate the future of IoT.
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