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How the Internet of Things improves financial investments
Can smart technology lead to smart investing? There is ample evidence that this is the case, says Marc Weisberg, managing principal for Soho Investment Partners, given the prominence and proliferation of the Internet of Things (IoT) over the past few years. While there were 15 billion connected devices in 2015, one estimate is that there could be as many as 20 billion by 2020. Sales of IoT devices, meanwhile, rose from $18 billion (€16 billion) in 2009 to $1.1 trillion (€0.97 trillion) by 2017. That figure will likely reach $1.7 trillion (€1.51 trillion) by 2019. Suffice it to say, then, that an investor would be wise to consider not only the obvious innovators of these products (Microsoft, IBM, Amazon, Apple, Alphabet, et al.), but also those that produce the semiconductors powering IoT devices, a list headed by Intel and Samsung.
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