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ARTICLE · 07 JANUARY 2020

Internet Of Things (IoT) And Intellectual Property– The Interconnect

S.S. Rana & Co.
S.S. Rana & Co.
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S.S. Rana & Co.

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It has been predicted that by the year 2025, approximately 80 billion devices will be connected making an estimated economic impact of about $3.9 trillion to $11.1 trillion per year.

IndiaIntellectual Property
Harshad Karadbhajne
Harshad Karadbhajne
Shubham Raj
Shubham Raj
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It has been predicted that by the year 2025, approximately 80 billion devices will be connected making an estimated economic impact of about $3.9 trillion to $11.1 trillion per year1. With IoT said to be the next big thing, companies are spending huge amounts of money in the development of their versions of IoT to cash-in on the growing market trend.

What is IoT?

The Internet of Things (IoT) is the use of sensors and other communication technology embedded into physical devices which enables such devices to collect and exchange data, track and controlled over the internet.2 This integration of the physical device into computer based system improves the efficiency and accuracy and reduces human intervention.3

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