What Is IoT
The Internet of Things (IoT) is a growing system of interconnected devices, mechanical and digital machines, objects, animals or people. These individual devices each hold unique identifiers, and possess the capability to transfer and exchange data over a network without requiring human-to-human or human-to-computer interaction.
The internet of things is a revolution in how we live and work. It opens up a world of advanced data insight and connected communications that unleash huge potential for business throughout Malaysia. Industry 4.0 is a digitally-driven industrial revolution that will transform global industry.
The latest estimates suggest there will be a staggering 70 billion connected IoT devices in existence by the end of 2025.
That huge number frames a global drive that will see a projected US$6 trillion spent on IoT solutions over the next 5 years.
But what do these big numbers really mean, and what does that mean for your business?
Unlocking Industry 4.0
Industry 4.0 is today transforming economies, jobs, and even society itself. This emerging revolution is enabling a new era of digital enterprises that are both more connected, and more strategically informed than ever before. Digital enterprises can communicate, analyse, and utilise data to drive intelligent strategic decision making in the real world. Industry 4.0 is a revolution not just embedding smart connected technologies in our businesses, but in our daily lives.