Story perspectives

IoT Revolution: 18.8 Billion Devices Transforming Industries

10/20/2025

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Summary

Story summary

The Internet of Things (IoT) is transforming industries by connecting devices to boost efficiency, safety, and revenue, with 16.6 billion devices in 2023 and a projected 18.8 billion by 2024.
Key applications include predictive maintenance in manufacturing, real-time monitoring in supply chains, and energy savings in smart buildings.
Security vulnerabilities and data quality issues persist in IoT deployments.
Companies focus on specific business problems to enable deployment with low-code platforms.

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Story summary

The Internet of Things (IoT) is transforming industries by connecting devices to boost efficiency, safety, and revenue, with 16.6 billion devices in 2023 and a projected 18.8 billion by 2024.
Key applications include predictive maintenance in manufacturing, real-time monitoring in supply chains, and energy savings in smart buildings.
Security vulnerabilities and data quality issues persist in IoT deployments.
Companies focus on specific business problems to enable deployment with low-code platforms.