Dan T Pickett says, “It’s the tech term du jour: the “Internet of Things.” Simply stated, it’s the connection of technology devices to the Internet, everything from smartphones, coffeemakers, cars and lamps to anything with an on-off switch.

In many ways, the move has been almost inevitable with the cost of broadband Internet decreasing, the creation of more devices with Wi-Fi capabilities and the penetration of smart devices further into the human experience. The Internet of Things is just the logical next step.

So yes, the Internet of Things is growing significantly but perhaps more important from a business perspective is the recognition of the benefits that result from connecting devices to the web. This has seeded the makings of a brave new world for enterprising entrepreneurs looking to capitalize on a market projected to add almost $2 trillion in value to the global economy by 2019“.

What the ‘Internet of Things’ Means for Enterprising Entrepreneurs

‘Entrepreneur’ Blog

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