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Introduction It's no secret that our modern society relies heavily on the availability and reliability of real-time data. To meet this growing need, an emerging trend has been the proliferation of smart devices: devices equipped with sensors and connectivity to share real-world data. The interconnection of smart devices is known as the Internet of Things (IoT). Devices in the IoT rely on the seamless transfer of data from sensors to a centralized data platform where data can be aggregated and analyzed. With easily accessible data and a sea of devices that can communicate with one another, the IoT holds promise to create a world more connected and more transparent than ever before. Today, the IoT field is growing by leaps and bounds. In fact, 30 billion connected devices are predicted by 2030. In many ways, this rapid growth can be attributed to innovations in the fields of sensing, low-power electronics, and wireless communication. More importantly, however, it is the development of advanced data analysis techniques, such as machine learning (ML), which have opened opportunities for radically different business models. For example, companies can now profit from their access to data, marking a completely new paradigm in many industries. With abundant potential available through the IoT, the industry is seeing an explosion of different trends. In this ebook, we'll discuss some of the most notable trends in the IoT, examples of the IoT revolutionizing businesses, and the ways in which Würth Elektronik is acting as a key enabler of this revolution. Mighty Guides make you stronger. Credible advice from top experts helps you make strong decisions. Strong decisions make you mighty. Reading a Mighty Guide is kind of like having your own team of experts. These authoritative and diverse guides provide a full view of a topic. They help you explore, compare, and contrast a variety of viewpoints so that you can determine what will work best for you. 4 8 Industry Experts Discuss Trends in the Internet of Things