Are you ready for the Internet of Things?


Are you ready for the Internet of Things

Picture this: your alarm clock tells you to wake up at 6 am and instructs your coffee machine to make you a fresh cup of coffee. The coffee machine then tells your toaster to make you a nice piece of toast. While you eat breakfast, your TV switches on to your pre-programmed news channel. While you dress up for work, your shirt will measure your heart rate and blood pressure. As you leave the house, your car revs up and informs you that it needs an oil change soon. This a possible scenario when the Internet of Things (IoT) becomes an everyday reality. Also known as machine-to-machine communication, Internet of Things is the network of wifi-enabled gadgets that are capable of communicating with each other or interacting with the environment. What’s fascinating is, this technology is already upon us.

IoT took centre stage in this year’s Consumer Electronics Show (CES) as dozens of companies presented connected technology, ranging from smart cars to heart monitors to smart watches to clothes with built-in sensors. Companies like Google, Facebook, Apple, GE and IBM are all investing serious money in IoT technology and patents. Investors like Intel Capital, True Ventures, Qualcomm Ventures and Cisco Investments are all joining the funding fray. In the coming months, we expect to see a stronger interest in the home automation space, and the more general Internet of Things.

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