One of the hottest trends over the last few years has been the shift in electronics and tech to what is called the Internet of Things (IoT). The IoT is a convergence of electronics and internet connectivity, in which virtually every electronic device and household appliance can be controlled through a single internet connection. It’s the next evolution of connectivity and has the potential to rival the importance of smartphones, tablets, and even home computers. #-ad_banner-#Research firm IDC estimates the market for IoT products could triple to $1.7 trillion in 2020 from just $655 billion in 2014. Another firm, Smart… Read More
One of the hottest trends over the last few years has been the shift in electronics and tech to what is called the Internet of Things (IoT). The IoT is a convergence of electronics and internet connectivity, in which virtually every electronic device and household appliance can be controlled through a single internet connection. It’s the next evolution of connectivity and has the potential to rival the importance of smartphones, tablets, and even home computers. #-ad_banner-#Research firm IDC estimates the market for IoT products could triple to $1.7 trillion in 2020 from just $655 billion in 2014. Another firm, Smart America Challenge, estimates that cities around the world will invest as much as $41 trillion over the next 20 years to integrate IoT infrastructure into city planning. Most IoT investing has targeted the connected products themselves like wearables, connected-home devices and hardware — but success depends on finding the needle within a haystack of companies that could produce the next hot consumer gadget. There’s one common theme that connects all IoT products — a theme that could mean a boom in earnings for one industry. Investing in the best-of-breed within this industry could allow you to benefit from the IoT… Read More