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The IoT Sector Could Be A $7 Trillion Market Opportunity

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Manav Gupta, founder and chief executive officer of Hong Kong-based Internet Of Things (IoT) accelerator Brinc, tells me that the IoT sector could be a $7 trillion market opportunity.

He also says that the IoT sector's future is what he calls IoT 2.0, where smart devices talk to each other and are integrated to enhance people's lives.

He believes that the IoT sector's key challenge in the future is how to connect all the smart hardware and to integrate them via data centers and on the cloud globally.

Gupta thinks wide-spread human microchip implants may happen sooner than expected.

Lastly, Gupta explains why Hong Kong is the best place in the world to ensure the success of an IoT startup business.