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 lighting photonics are already transforming society just as electronics revolutionized the world in recent decades and it will continue to contribute more in the future. From the statistics, North America’s optoelectronics market grew to more than $20 billion in 2003. The LED (light-emitting diode) market is expected to reach $5 billion in 2007, and the solid-state lighting market is predicted to be $50 billion in 15–20 years, as stated by E. Fred Schubert, Wellfleet Senior Distinguished Professor of the Future Chips Constellation at Rensselaer. Smart lighting Smart lighting is a lighting technology designed for energy efficiency. This may include high efficiency