Around the world, there are 7.6 billion active IoT devices, and this number is expected to grow to 24.1 billion by 2030. IoT is an emerging technology and offers several benefits to the global society. It allows dynamic data gathering, analytics-based decisions, and automatic actions in the physical world. IoT works in combination with other technologies such as Cloud Computing, Big Data, and Artificial Intelligence.
The integration of IoT and other technologies enables the creation of applications relevant to major economic sectors like health, education, agriculture, transportation, manufacturing, energy, and others. IoT also contributes to the improvement of citizens' quality of life and industry competitiveness.
Therefore, IoT can work in favor of sustainable development and help countries accelerate their actions towards achieving the SDGs. However, to reach the true potential of IoT, it is essential to be aware of the various threats, technical and ethical issues surrounding this technology. These devices require a network connection that can be local to a specific area, an organization, or globally connected to the Internet.