Internet of Things (IoT) and hyperconnectivity

The Internet of Things (IoT) and hyperconnectivity are the two latest technological advancements that are rapidly transforming the way we live, work, and interact with each other.

IoT refers to the network of physical devices embedded with sensors and software that exchange data and communicate with each other over the Internet. And as per Statists, the number of such devices will turn 50 billion by 2023.

Hyperconnectivity, on the other hand, refers to the increasing level of interconnectivity between devices, networks, and people with real-time communication. Smart homes and cities, for example, can use these solutions to monitor and optimize energy usage, improve traffic flow, and enhance public safety.

Together, IoT and hyperconnectivity are driving a new era of digital transformation, with the potential to revolutionize a wide array of industries, from banking and finance to healthcare and insurance.