Amazing facts about the latest technology"IOT"

 Internet of Things (IoT) or Internet of Everything (IoE) refers to devices or objects that are connected to the Internet, like your smartwatch, Fitbit, or even your refrigerator.

1. The IoT provides a platform that creates opportunities for people to connect these devices and control them with big data technology, which in return will promoteefficiency in performance, economic benefits and minimize the need for human involvement.              
2.  These devices are able to collect and transmit data via the Internet, contributing to our big data world.              
3. Many industries such as Eddie Stobart Transport and Logistics Company, the Amazon, Dell, Aviva, German Auto Manufacturer Daimler, the John Deere Company and Walt Disney Land are all utilizing the Internet of Things technology to monitor various activities and advance their existing systems.                                       
4. ATMs are considered some of the first IoT objects, and went online as far back as 1974.                                              
5. In 2008, we  have 4.9 billion connected things.                         
6. The concept of a network of smart devices was discussed as early as 1982, with a modified Coke vending machine at Carnegie Mellon University becoming the first Internet-connected appliance,^[6] able to report its inventory and whether newly loaded drinks were cold or not.                             
7. The IoT will connect many of the devices we have in our homes, from smart thermostats to smart fridges. Companies like Google GOOGL +0% and Samsung understand this. Google bought smart thermostat maker, Nest Labs, for $3.2 billion, and Samsung purchased connected home company SmartThings for $200 million.          
8. This could be a dedicated app or iOS native applications such as Siri.                                                                        
9. In fact, we already have cars that can drive on their own - Google’s self-driving cars currently average about 10,000 autonomous miles per week.                            
10. According to estimations by the McKinsey Global Institute, the IoT will have a total economic impact of up to $11 trillion by 2025.                                                  
11.  There are also dedicated smart home hubs that are offered as standalone platforms to connect different smart home products and these include the Amazon Echo, Google Home, Apple's HomePod, and Samsung's SmartThings Hub.                                               
12. CISCO believes the IoT could generate $4.6 trillion over the next ten years for the public sector, and $14.4 trillion for the private sector.