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 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