By cmayerv1

On Thursday, AT&TT, Cisco Systems, General Electric, IBM and Intel announced the formation of the “Industrial Internet Consortium”, or IIC, a not-for-profit group formed with the objective of hastening and shaping the development of the IoT across a range of business sectors. Tonk Shakib, VP of Cisco’s IoT Business Group, commented that the group “sends a message to everyone that we all have to play with each other.” By 2020, there are expected to be billions of interconnected devices pulsing out data all around us. But for now, IoT VP at Cisco Jouret says that ““Ninety-nine percent of everything is still unconnected”. If the predictions come to fruition, the rise of the IoT could truly be “the next industrial revolution”.