The Internet of Things, the popular name for the technology by which devices are connected and controlled over the Internet, is big, and it is only getting bigger. The presently estimated number of Internet of Things devices of 4.9 billion devices is expected to rise to 25 billion by 2020. IBM has recognized the opportunities present in the Internet of Things and earlier this week announced it is investing $3 billion in a new business unit that will focus entirely on developing products and services for the Internet of Things.
What kinds of things make up the Internet of Things? Products include cars, refrigerators, coffee makers, televisions, microwave ovens, fitness bands, thermostats, smartwatches, webcams, copy machines, medical devices and even some sex toys.