IoT is becoming a well-known trend in the manufacturing industry and for facility managers. The buzzword describes the machine to machine communications or the interconnectivity of machines using sensors and Wi-Fi. The trend is increasing due to the major benefits it creates in all parts of manufacturing operations, especially in maintenance of equipment.

The Internet of Things is the start of the next industrial revolution, according to a new report from AIG. The report entitled, “The Internet of Things, Evolution or Revolution?” sets out to decipher this new major disruptive force in our lives, which will be worth $14.4 trillion by 2020. So what is in store for us in 2016 with the IoT?