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.

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