How IoT apps are being integrated with machine learning and blockchain for success

Internet of Things (IoT) market growth will accelerate in 2017, with the adoption of narrowband IoT (NB-IoT), according the the latest worldwide market study by Frost & Sullivan. This cellular technology uses licensed spectrum and offers a standardized low-power, wide-area network (LPWAN) solution. Furthermore, machine learning and blockchain technologies are being integrated with IoT capabilities to drive new demand in different industries - such as financial services or energy generation and distribution. In Europe, IoT connections are set to exceed 9 billion by 2021. Dedicated venture funds for IoT development will help create an ecosystem that is conducive to the growth of startups in the region.