A thing, in the Internet of Things, can be a person with a heart monitor implant, a farm animal with a biochip transponder, an automobile that has built-in sensors to alert the driver when tire pressure is low -- or any other natural or man-made object that can be assigned an IP address and provided with the ability to transfer data over a network. So far, the Internet of Things has been most closely associated with machine-to-machine (M2M) communication in manufacturing and power, oil and gas utilities. Products built with M2M communication capabilities are often referred to as being smart. - Source - Whatis-TechTarget
Executives from Cisco, Lenovo, and BT Group discussed the Internet of Things at Fortune’s Global Forum in the video below.Ignore the Internet of Things at Your Own Risk
Cisco Executive Chairman and former CEO John Chambers said he believes there will be around 500 billion devices hooked to the Internet by 2025. This number greatly dwarfs the 25 billion connected devices that some technology analysts have projected by that time.
Chambers sounded nearly apocalyptic in tone as he said that 40% of the companies attending the conference—including possibly Cisco—would not be here “in a meaningful way” in the next ten years because the pace of technology is changing so quickly.
This video should keep you thinking ahead:
What exactly is the Internet of Things?
Source: Postscapes & Harbor Research
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