Leading European Software Maker to Invest $2.2 Billion in IoT

Germany-based SAP is investing in the internet of things in a big way. The software company has announced plans to spend $ 2.5 billion over the next five years on technology that connects products to the internet. The big announcement comes as the IoT industry has been growing rapidly. Since 2008, there have been more connected devices on this planet than people. By 2020, there’s expected to be 50 billion IoT devices of all shapes and sizes. SAP, no doubt, wants to ride this wave of growth. “With billions of connected devices, we now have the potential to reshape society, the

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