From connected diapers, to sidewalks and Christmas Trees, the IoT hype is connecting everything around you.
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From connected diapers, to sidewalks and Christmas Trees, the IoT hype is connecting everything around you. Business opportunities in the IoT space seem to be endless, as forecasters predict 50 billion devices and things to be connected by 2020. Despite the hype, Cisco says that today 99% of things in the physical world remain unconnected. Dave Hrycyszyn, director of strategy and technology at Head, told CBR: “IoT is currently exploding. We are seeing very rapid growth, which means that people are stumbling forward into new areas at very high speed. The most important thing is the security standards need to be dead simple for people who are designing and building connected systems.” CBR list five IoT applications that are as peculiar as useful and could generate new revenue streams in the industry. Read on for the list.