The idea of a connected world helping users to make more informed decisions is gaining ground. A smarter world where systems with sensors and local processing are connected to share information is taking hold in every single industry. This is a mix of a num-ber of concepts, smart machines, machine to machine communications, big data.
A market research report on the Industrial Internet of Things (IIoT) has forecast a compound annual growth rate (CAGR) of 26.56 per cent to 2019. The “Global Industrial IoT Market Research report 2015-2019”, brought out by ReportsnReports.