Internet of things Internet of things The Internet of things (IoT) is the network of devices, vehicles, and home appliances that contain electronics, software, actuators, and connectivity which allows these things to connect, interact and exchange data. IoT involves extending Internet connectivity beyond standard devices, such as desktops, laptops, smartphones and tablets, to any range of traditionally "dumb" or non-internet-enabled physical devices and everyday objects. Embedded with technology, these devices can communicate and interact over the Internet, and they can be remotely monitored and controlled. The definition of the Internet of things has evolved due to convergence of multiple technologies, real-time analytics, machine
Smart grids by country report on the deployment of smart metering found: The Smart Grid Forum had identified that smart technology would give energy consumers greater control of their energy use, bills, greater security of supply and enable the use of less carbon. It had further indicated that integration of smart grids with regular technology would potentially save up to £ 12 billion by 2050 and deliver 9,000 additional jobs and create a £5 billion export market. To complete the transition to Smart Grids, United Kingdom plans to roll out 53 million smart meters to 26 million households from 2015 to 2020. Initiated by