Why IoT is the next evolution in oil and gas

  • June 15, 2017
  • Posted by: Chelsea Nivens
  • Category: Internet of Things

Business Insider recently published a report predicting a total of 22.5 billion IoT devices in 2021, (15.9 billion more than the reported 6.6 billion in 2016) and $4.8 trillion in aggregate IoT investments over the next five years. These projections might seem astronomical, but in all reality, they make perfect sense when you note the outstanding benefits these devices deliver to various industries.

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