Smart object four basic elements to constructing such a smart virtual object framework. Some versions of smart objects also include animation information in the object information, but this is not considered to be an efficient approach, since this can make objects inappropriately oversized. Smart, connected products have three primary components: Each component expands the capabilities of one another resulting in "a virtuous cycle of value improvement". First, the smart components of a product amplify the value and capabilities of the physical components. Then, connectivity amplifies the value and capabilities of the smart components. These improvements include: The Internet of things is the
Madrid bid for the 2020 Summer Olympics the Spanish economy, which is expected to start recovering by the last quarter of 2013, and was predicted to grow over the following five years. The 2020 IOC Evaluation Commission Report on the Candidate Cities for the 2020 Summer Olympics was released on June 25. Madrid 2020 gave a presentation of their bid to the IOC at an Extraordinary session in Lausanne in July 2013. In July 2013, the bid launched their "Illuminate the Future" slogan. Prior to the host city election, FC Barcelona's Lionel Messi pledged his support for Madrid's bid for the 2020 Summer Olympics. At the 125th