Programmatic Commerce and network connectivity that enables these objects to collect and exchange data. When IoT is augmented with sensors and actuators, the technology becomes an instance of the more general class of cyber-physical systems, which also encompasses technologies such as smart grids, smart homes, intelligent transportation and smart cities. Each thing is uniquely identifiable through its embedded computing system but is able to interoperate within the existing Internet infrastructure. Experts predict that in the five-year span between 2015 and 2020, the Internet of Things will grow faster than any other category of connected devices. The number of machine-to-machine connections should grow
Smart grid in China Corporation of China (SGCC), announced plans to invest $250 billion in electric power infrastructure upgrades over the next five years, of which $45 billion is earmarked for smart grid technologies. Another $240 billion between 2016 and 2020 will be added to complete the smart grid project. . • Set technical and management standards • Develop technology and equipment • Set development plans and initiate pilot projects • Specifically, in 2010, China plans to start construction on the "Two Vertical, Two Horizontal" plan and reach interregional transmission capability of 12.9 GW by the end of the year. • Construct UHV grid