By fully optimising the IoT solutions available, an oil and gas company with $50 billion in annual revenue could increase its profits by nearly $1 billion, according to a Cisco study.

The internet of things will have a major impact on the railway industry as previously seen in the transportation and logistics industries. High speed trains, tunnels and extreme weather conditions present real challenges.

Data collected by internet-connected manufacturing equipment improves operational efficiency. Smart refrigerators able to sense and send a message to a smart phone or to the grocery store when the milk supply is low.