Valued at $103 billion in the U.S., the oil and gas industry is also one of the early adopters of the Internet of Things (IoT). Oil and gas companies combine the IoT, machine learning and the cloud for greater management of remote facilities and tank collection sites so they can act in real-time as safety and regulatory issues arise.
Trying to predict how many Internet of Things (IoT) devices will go online over the next decade is like trying to predict the growth rate of rabbits in the wild. It suffices to say that 2017 could be the year in which IoT devices exceed the total human population, based on a Gartner forecast of 8.4 billion IoT connected devices, or one device for each of the 7.5 billion people, plus just under a billion more to spare.
Application developers dream of elegantly designed applications that are loosely coupled and tightly integrated with other services with unlimited application scaling and implementation on-demand. But how can you make these dreams reality?