InsurTech Magazine May 2022 | Page 15

2010

The Industrial Internet of Things ( IIoT )
The IIoT came into being with several large companies developing their own systems . GE is given credit for creating the term ‘ Industrial Internet of Things ’ in 2012

2013

The Internet of Things becomes a part of life
By the year 2013 , the IoT had become a system using multiple technologies , ranging from the Internet to wireless communication , and from micro-electromechanical systems ( MEMS ) to embedded systems

2015 The IoT goes mobile

Smartphones are part of the IoT , and have become an important communications tool for many individuals . In 2015 , they joined the IoT with a high degree of enthusiasm from marketers
insurtechdigital . com 15