Internet of Things will transform the way we live, work and play. IoT is the next wave, world is going to witness. This allows people and objects to analyse data from various sources in real-time and take necessary actions in an intelligent fashion. IoT uses Machine Intelligence exhibited by machines or software . The IoT evolution has benefitted individuals, social causes, politics, business and entire economics by escalating connectedness, removing physical barriers, and harnessing Big Data.
The IoT allows objects to be sensed 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, virtual power plants, smart homes, intelligent transportation and smart cities.
“Things”, in the IoT sense, can refer to a wide variety of devices such as heart monitoring implants, biochip transponders on farm animals, cameras streaming live feeds of wild animals in coastal waters, automobiles with built-in sensors, DNA analysis devices for environmental/food/pathogen monitoring, or field operation devices that assist firefighters in search and rescue operations. Legal scholars suggest regarding “things” as an “inextricable mixture of hardware, software, data and service”.