50 billion connected IoT devices by 2020
Even though there are only 15 billion devices on the Internet of Things (IoT) today, a new report found that there will be 50 billion devices by 2020 -- according to a new report by Cisco and DHL.According to Cisco, the increased deployment will affect utilities in many ways. The Internet of Everything (IoE) "is revolutionizing the way utility companies monitor, control, and distribute energy over electrical grids," the company said. "It's resulting in better, more reliable service, consumer empowerment and improved capacity and efficiency for grid operators."