Internet of things the IoT projects, which are often driven by technological interventions rather than business model innovation. 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
Smart grids by country current electricity meters with smart meters by 2020 wherever cost-benefit analysis demonstrates a positive result. This smart metering and smart grids rollout can reduce emissions in the EU by up to 9% and annual household energy consumption by similar amounts. On 30 November 2016, the Commission published a proposal stating that all consumers should be entitled to request a smart meter from their supplier. Smart meters should allow consumers to reap the benefits of the progressive digitalisation of the energy market via several different functions. Consumers should also be able to access dynamic electricity price contracts. . A 2014 Commission