It is becoming more evident by the day that connected systems and shared data has begun to impact our daily lives. One area of our day to day activities where we are seeing this happen more readily is in our personal finances. The IoT has already brought about countless advances in the world of personal finance that have made our experiences safer, customized and smarter. The article below describes three key ways in which this is happening.
The widespread use of the Internet of Things (IoT) technology application is changing different areas of our lives, and as our prior article “The Mindset and Insights that IoT Needs From the Financial Sector Industry” clearly exemplifies, the financial sector is also feeling the growth in IoT interconnectedness.
We can envisage on the horizon three main ways in which IoT will transform our personal finances.