The Internet of Things is a growing phenomenon. Everyday objects from appliances to pet collars are increasingly becoming “smart,” powered by software, sensors, and various technologies to communicate with users and other devices via the internet. The business forecast for this so-called physical web is impressive: one study estimates more than a 10% growth rate in the next five years, attaining a market value of $1.39 billion by 2026. However, IoT has a significant hurdle to overcome: power.
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