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The Internet of things (stylised Internet of Things or IoT) is the internetworking of physical devices, vehicles (also referred to as "connected devices" and "smart devices"), buildings, and other items—embedded with electronics, software, sensors, actuators, and network connectivity that enable these objects to collect and exchange data.
In 2013 the Global Standards Initiative on Internet of Things (IoT-GSI) defined the IoT as "the infrastructure of the information society." The IoT allows objects to be sensed and/or controlled remotely across existing network infrastructure, creating opportunities for more direct integration of the physical world into computer-based systems, and resulting in improved efficiency, accuracy and economic benefit in addition to reduced human intervention.
When IoT is augmented with sensors and actuators, the technology becomes an instance of the more general class of cyber-physical systems, which also encompasses technologies such as smart grids, smart homes, intelligent transportation and smart cities. Each thing is uniquely identifiable through its embedded computing system but is able to interoperate within the existing Internet infrastructure.
Experts estimate that the IoT will consist of almost 50 billion objects by 2020.
Typically, IoT is expected to offer advanced connectivity of devices, systems, and services that goes beyond machine-to-machine (M2M) communications and covers a variety of protocols, domains, and applications. The interconnection of these embedded devices (including smart objects), is expected to usher in automation in nearly all fields, while also enabling advanced applications like a smart grid, and expanding to areas such as smart cities.
The Term "Internet of Things" was coined by Peter T. Lewis in a 1985 speech given at a U.S. Federal Communications Commission (FCC) supported wireless session at the Congressional Black Caucus 15th Legislative Weekend Conference.
In his speech he states that "The Internet of Things, or IoT, is the integration of people, processes and technology with connectable devices and sensors to enable remote monitoring, status, manipulation and evaluation of trends of such devices.
Here is some example :
The Nest Learning Thermostat is an electronic, programmable, and self-learning Wi-Fi-enabled thermostat that optimizes heating and cooling of homes and businesses to conserve energy. It is based on a machine learning algorithm: for the first weeks users have to regulate the thermostat in order to provide the reference data set.
Nest can then learn people's schedule, at which temperature they are used to and when. Using built-in sensors and phones' locations it can shift into energy saving mode when it realizes nobody is at home
LG launched the world’s first internet refrigerator - the Internet Digital DIOS. This refrigerator was an unsuccessful product because the consumers had seen it as unnecessary and expensive (more than $20,000) and that the problems solved were obscure. For example, many juice bottles are transparent, providing a visual reminder that a purchase is needed eventually; vegetable drawers are similarly transparent and contain items often removed from packages, thus eliminating bar codes for inventory which meant manually keying in descriptions and dates.
Moreover, the ability of the device to remind users of upcoming purchases when there are often multiple buyers in a household who communicate informally is not typically addressable as a use case
Source - WikiPedia
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