Introduction
The term “Internet of Things” refers to the use of the Internet for monitoring, tracking, controlling, and interconnecting everyday objects. For example, home appliances can be connected to the Internet to facilitate household activities. In this context, it is worth mentioning that refrigerators that allow the users to access the Internet are already commercially available.
According to ABI Research, a technology market intelligence company, there are more than 10 billion wirelessly connected devices in the market today. The company expects that the number of these devices will reach 30 billion by 2020; 60% of these 30 billion devices will be node or sensor type devices. The other 40% will include hub devices, such as smartphones, tablets, and laptops. A recent report by Intelligence Unit of the Economist, based on a survey of 779 senior business leaders from 19 different industries around the world, stated that 75% of businesses are already exploring the field of the Internet of Things.
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