Some have called the Internet of Things (IoT): “A world where the real, digital, and the virtual are converging to create smart environments that make energy, transport, cities and many other areas more intelligent.1” Some projections have 50 billion devices connected to the internet by 2020.2 IoT is not science fiction; it’s not even brand new. Nonetheless, it’s growing at an incredible pace.
With this growth in mind, companies are transitioning strategically to take advantage of this opportunity. General Electric (GE) plans to move from Fairfield, Connecticut to Massachusetts, home of Massachusetts Institute of Technology (MIT).
