While the internet of things may seem relegated to the realm of automated lightbulbs and doorlocks, the truth is that more businesses are unlocking the value of what an interconnected system of devices can really mean for unlocking true business value.
Right now, the internet of things (IoT) is realising advancements in real-world scenarios: from traffic telemetrics to help city planners, to businesses that are making it easy for landlords to monitor electricity usage of tenants, and vice versa.
By 2020, Bain estimates that revenues in the IoT market could exceed $470 billion – and McKinsey estimates a growth rate of 32.6% per year. US telco giant Verizon forecasts 30 billion connected devices in 2020 – that’s everything from a smart doorlock to more sophisticated beacons that monitor traffic data.
The growth of this market is producing fertile ground for investors – and many of the most active investors in
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