Not all of us are well versed in the Internet of Things (IoT). Therefore, if you belong to that category of people, please allow us to elucidate. Putting it simply, the Internet of Things is basically an interconnection of the physical world to the smartphone, mobile, web-based world etc., through the internet.
Here´s a definition of IoT extracted from a piece belonging to the esteemed technology media company, TechTarget;
¨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.¨
The IoT is a huge emerging market. According to reliable reports, there is going to be around 34 billion connected devices by 2020. By 2017, there will be an estimated investment of $7.3 trillion in the market! Most of the IoT gadgets we know of are phones, watches and tablets. However, they only account for around 10 billion of the predicted connected devices. What about the rest of them? Let us go through 15 of the top IoT gadgets!