The Internet of Things (IoT) has established itself as the next big thing. According to IDC, IoT spending will reach $1.7 trillion in 2020, and undoubtedly, the HVAC industry is in a prime position to cash in on this hearty market.
The IoT means different things to different people, though its most basic definition recognizes it as a network of smart interconnected devices. Many of the devices within the IoT are HVAC-related as connected technology aims to harness the energy consumed by residential and commercial indoor comfort systems.