Another article Kiplinger.


The Internet of Things

The Internet of Things
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is a concept so enormous it’s hard to wrap your brain around. Think of the IoT
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as nothing less than the dawn of inanimate consciousness, says Stifel, Nicolaus, an investment firm. Embedded sensors, processors and communication technology are in effect waking machines from a catatonic state, extracting intelligence from the physical world that we can then use to make people healthier, cars safer, homes cozier and cheaper to maintain, factories and farms more efficient, and cities more livable and environmentally friendly.

Applications for the IoT are practically infinite. Nearly 5 billion connected things will be in use in 2015, according to Gartner Inc., a technology research firm. By 2020, the number of “things” will grow to 26 billion, encompassing everything from smart watches, smart cars and smart home appliances to networked factory machines and citywide energy grids. That will amount to some $1.9 trillion in revenues generated or savings realized. The structural change resulting from the IoT will be akin to the industrial revolution, says Goldman Sachs.

Read more at http://www.kiplinger.com/article/investi...1o6ZMD8rEfAs.99