The Internet of Things (IoT) has emerged as a popular technology
buzzword in the last decade. As with many such phrases, it has
garnered widespread usage with little understanding of what it
actually signifies. Far from meaningless terminology, though, IoT
already pervades the consumer marketplace, and growth opportunities
abound. Israel's sophisticated tech sector provides fertile
ground for continued expansion in IoT investment and
development.
What is the Internet of Things?
In simple terms, IoT consists of objects with the ability to
collect, process, and share data across the Internet. Items like the Fitbit and home
security monitoring systems are examples. Currently, software and
apps hold almost 80 percent of this market. This leaves room for
hardware and platforms to explode in the coming years, particularly
in areas like healthcare, consumer electronics, and security.
