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
Home automation also be accessible off-site through the Internet. While there are many competing vendors, there are very few worldwide accepted industry standards and the smart home space is heavily fragmented. Manufacturers often prevent independent implementations by withholding documentation and by litigation. The home automation market was worth US$5.77 billion in 2013, predicted to reach a market value of US$12.81 billion by the year 2020. Early home automation began with labour-saving machines. Self-contained electric or gas powered home appliances became viable in the 1900s with the introduction of electric power distribution and led to the introduction of washing machines (1904), water heaters