For the first time in its brief and storied history, the Internet has more machines and inanimate objects talking to each other than people. Cisco, the world’s largest provider of Internet equipment, estimates there are now 10 billion devices and data-gathering sensors connected online… – with that number expected to reach 50 billion over the next six years.
The Internet of Things (IoT) is considered the fourth evolution of the Internet (the first three major developments being the introduction of email and websites, e-commerce platforms, and the combination of social media, video sharing, and the cloud).
The much hyped IoT describes the use of web-enabled sensors embedded in physical objects to gather, track, and analyze data in the cloud, then acting on that information.
At the consumer level, the poster child for the IoT is Google’s recent $3.2 billion purchase of Nest, which makes smart thermostats and smoke detectors that can be monitored with a mobile app. IoT is extending its reach to the manufacturing floor as well. … (read more)