By enabling easy access to, and interaction with, a wide variety of physical devices or things such as vehicles, machines, medical sensors, and more, IoT facilitates the development of applications in many different domains. The following diagram highlights the key application domains of IoT:
These include healthcare, industrial automation (that is, Industry 4.0), energy management and smart grids, transportation, smart infrastructure (such as the smart home and the smart city), retail, and many other areas that will transform our lives and societies for the better. These applications will have a global economic impact of $4 to $11 trillion per year by 2025. The key contributors (in order of their predicted contribution) of this quantity of money include the following:
- Factories or industries, including operation management and predictive maintenance ...
