By Himanshu Sharma on Feb 3, 2014 1:49:14 AM
From a mosquito repellent app that produces a sonic sound to scare mosquitoes away or Smarthings’ smart home apps connecting your rooms, doors, kettle, refrigerators to Nike's wearable sports gear, tightly integrated with your fitness routine or Google’s driver glasses — the flurry of killer apps are reshaping our daily habits. It is interesting to see how Smartphone apps are becoming control points for the "Internet of things" applications.
According to Gartner, the Internet of Things installed base will grow to 26 billion units by 2020. McKinsey found that the Internet of things has the potential to create economic impact of up to $6.2 trillion annually by 2025. The numbers give us a glimpse of future and how mobile application development will become integral aspect of "IoT". At Factory level IoT-based smart and innovative apps are being used to monitor remote site assets, manage Machine-to-Machine (M2M) and device connectivity across healthcare, manufacturing or supply chain domains. McKinsey estimates by 2025, 80 percent to 100 percent of all manufacturing could be using IoT applications to improve productivity, leading to a potential economic impact of up to $2.3 trillion.
Read our full report on cmswire http://www.cmswire.com/cms/internet-of-things/jumping-on-the-internet-of-things-bandwagon-023787.php