The IoT or Internet of Things sector is estimated to exhibit tremendous growth and is expected to reach €1.35T by 2025. Seeing how the world grows more connected with numerous new smart devices, this forecast might very well turn out to be true. To give a push to the IoT segment, especially during COVID-19, the European Commission has launched a next-generation IoT environments project called IntellIoT, which is worth €8M.
IntellIoT to enable implementation of next-gen technologies
COVID-19 has stressed the healthcare systems worldwide, which highlighted the need for new technologies to combat the problem. Remote operation using biometric sensors and remote health assistance can enable monitoring patients without the need for close proximity consultation or hospital visits. This can be accomplished via new technologies and IntellIoT is a project that aims to accomplish this very vision, which is set by the European Commision.