Wireless connectivity, cloud solutions expected to spur adoption of ‘Internet of Things’ by Canadian businesses: survey

TORONTO – Canadian businesses are poised to embrace the ‘Internet of Things’ (IoT) with spending expected to jump to $21 billion annually in the next four years, according to a Telus-commissioned IDC survey.IoT - the evolution of machine-to-machine (M2M) technology - is a network of uniquely identifiable end points (or things) that communicate without human interaction, most commonly over a wireless network. The systems collect, analyze and act on information in real time and are being deployed to create ‘smart’ connected businesses, homes, cars and cities.The survey, which examined the current state of IoT deployments in Canada, found that only...