Aldous Huxley’s “Brave New World” is here. Automated technology is transforming the consumer products industry. Watches, appliances, cars, jet engines, drones and mobile medical devices are all part of the Internet-of-Things (IoT). The IoT refers to smart devices featuring embedded electronics, software, sensors and actuators that give them network connectivity, thereby enabling the IoT products to gather and leverage data. The IoT allows for data transfer over a network without human-to-human or human-to-computer interaction, and gives manufacturers information that drives improvements, such as reducing cost and risk.
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