The term Internet of Things came was coined more than 20 years ago. Today, IoT has already penetrated a wide range of sectors such as healthcare, finance, retail and consumer electronics. Many consumers will be familiar with common applications in the Internet of Things from their homes. In addition to voice assistants, applications also include smart devices such as refrigerators or heating controls. Consumers are becoming much more tech savvy and technology is available at affordable prices, not just for a select few. An estimated 25 billion IoT devices will be in use by 2021.
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