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PwC: IoT will become multitrillion-dollar market by 2020

2014-08-05 13:10:48| InfoWorld: Top News

Companies have embarked on a gradual but massive adoption of "Internet of things" (IoT) technology, investing in sensors to collect data, which is then wirelessly sent for further analysis or alerts, according to a survey. IoT involves hardware, like small devices and wireless networking, as well as software, but sensors are key for extracting data from objects and the environment, said PwC in the survey, released Monday.

Tags: market pwc iot

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