This must be something big, since companies such as Google, IBM, Cisco, Bosh, and Ericsson, just to name few, are racing against each other to dominate ‘future Internet’.

If all things turn smart, they would be able to provide us crucial information about their status, expiration date, or potential malfunctioning, such as a leak in nuclear reactor, crack in the tanker hull, or proximity of a device which can damage your pacemaker, thus enabling us to undertake precautionary actions to prevent large-scale disasters. This, of course, may look like an exaggerated image of IoT potential. In fact, its benefits are far more reaching. In the global matrix where we can interact with material world that surrounds us, we’ll have a total control over it. Thanks to the prospects of the new Internet Protocol Version 6 (IPv6), with its unlimited capacity, every material thing could have its own IP address, and could communicate desired information to us. Additionally, devices will be able collect necessary data independently of us, and interact with each other in order to suit our needs. So far these were some iot-infographic-212-billionbold predictions about the future of Internet of Things, but at this stage we can talk about networked gadgets, household appliances, logistic centers, and industrial plants. As microchip manufacturing becomes cheaper, a number of products on which they can be used will increase. The scope of application of such electronic circuits is extending through advanced production processes of RFID chips and complex sensors that make up the arsenal for tracking and linking physical and digital world. International Data Corporation predicts that there will be more than 200 billion things connected via IoT by 2020. In this context ‘a thing’ could be anything: a car equipped with sensors for tire pressure, RFID that monitors and communicates level of blood glucose, milk packaging communicating expiration date to your refrigerator, a bridge equipped with sensors which monitor corrosion of its steel parts, etc., and all that- in real-time.

The ability of networked devices to gather information from their environment, to share them with other things or people, and launch predetermined actions based on information obtained this way, will no longer be limited to computers or mobile phones. Internet of connected computers will become internet of inter-connected things. For further development of IoT, it is necessary to introduce communication standards for devices from different manufacturers (common language).

The digitized, networked information about the world around us will multiply exponentially, and those who know the best way to use them will have a significant competitive advantage. This raises many security questions. If information about literally everything is so widely distributed and easily accessible, what about our privacy? Any opportunistic hacker, a terrorist, or government could use this network against any individual, company or another country.