Internet of Things: Impact on Economy

The Internet of Things is expected to bring a revolution in the way objects around us communicate with one another and human beings and the way this information will be gathered and distributed. This also means a resultant increase in internet usage and the challenges of securing information over the internet. This paper looks at what components make up the internet of things and its business viability in our ever changing world. Despite security challenges of communicating over the internet, it still remains the leading means of communication and our dependence on the internet and mobile technology is only expected to increase.