SINGAPORE (Aug 16): Internet of Things or IoT is on the verge of becoming a mainstream technology, reaching its tipping point next year after which adoption will accelerate among the masses, says DBS Group Research.

In a Thursday report, DBS believes the advent of IoT would provide a much-needed boost for the development of Artificial Intelligence with billions of IoT devices creating ample data to feed AI systems.

“IoT would change the dynamics of competition from discrete products to product ecosystems, leading to the emergence of a few leading players at the cost of others in many industries,” says lead analyst Sachin Mittal.
 
Rapid adoption of IoT would also offer consumer companies access to customer usage data, which is currently limited to a few Internet companies.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook