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Investors should understand the broad topic itself before launching into a purchase of IOT stocks. The “internet of things” (IOT) promises to change our lives and society in dramatic fashion. As technology allows internet connectivity with everyday objects — combined with powerful data analytics — a new paradigm opens. The effect on economies will be drastic. Economists expect that by 2025 IOT revenues will reach $900 billion, tripling 2019 figures.
Security concerns regarding IOT will persist, yet the potential applications are numerous and there’s little reason to worry. Consumers envision a world including smart homes, wearables, smart cities, buildings and grids. Our automobiles will become increasingly connected, doctors will be able to diagnose health issues far in advance, and productivity will rise. The possibilities seem hard to fathom, but many are already here to varying degrees. For investors, the task