British technologist Kevin Ashton coined the phrase internet of things in 1999 conference at Davos. Since then the concept has gained pace. This is what the behemoth IBM has to say.
The Internet of Things represents an evolution in which objects are capable of interacting with other objects. Hospitals can monitor and regulate pacemakers long distance, factories can automatically address production line issues and hotels can adjust temperature and lighting according to a guest's preferences, to name just a few examples. Furthermore, as the number of devices connected to the Internet continues to grow exponentially, your organization's ability to send, receive, gather, analyze and respond to events from any connected device increases as well.