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 meter homes. This was well behind schedule to hit the government’s target to have 50 million in place by 2020. As of August 2018, 11 million SMETS1 devices were functioning normally, with 637,000 in "dumb" mode, according to the government. 42 million remained to be installed by the 2020 deadline. Until 2018, the vast majority of smart meters being installed were "first generation" SMETS1 types. If a user of one of these meters switches electricity supplier, the meter’s smart functions are lost, and it must be read manually. SMETS2 meters allow easy switching and better remote reading, but only 450 had