The farming industry will become arguably more important than ever before in the next few decades.  The world will need to produce 70% more food in 2050 than it did in 2006 in order to feed the growing population of the Earth, according to the UN Food and Agriculture Organization. To meet this demand, farmers and agricultural companies are turning to the Internet of Things for analytics and greater production capabilities.

Smart meters not only collect data automatically, they make it possible to apply analytics that can track and manage energy use. Likewise, sensors in devices such as windmills can track data and use predictive modelling to schedule downtime for more efficient energy use.

Banking is becoming more convenient thanks to the Internet, and the future of the banking industry is growing increasingly digital.

Whether discussing the future of retail banking or the future of mobile banking, technology is playing a larger role in our everyday transactions. The Internet of Things (IoT) is part of this rapid evolution toward the bank of the future, and both consumers and financial institutions need to adapt to these retail and mobile banking trends.

The Internet of Things is about to transform the way we live and work. And if it reaches its fullest potential, it will fundamentally change every aspect of our lives.  That sort of disruption is evident in the healthcare sector, where the pen and paper have been the primary means of recording patient information for decades. But now, healthcare technology is changing in major ways.

Many people have already adopted wearable devices to help monitor exercise, sleep and other health habits – and these items are only scratching the surface of how IoT impacts health care. Patient monitoring devices, electronic records and other smart accessories can help save lives.