The concept of the Internet of Things (IoT) has existed for more than 15 years. Technology pioneer Kevin Ashton is widely credited with coining the term in 1999 to describe the connection of physical objects to the internet via sensors. The IoT has become a reality with 6.4 billion devices connected to the internet and on average more than 5 million new devices connecting each day. Forecasts indicate that by the end of the decade more than 25 billion devices will be connected to the internet. The exponential growth of the IoT has been described as the Fourth Industrial Revolution, characterized by a fusion of technologies that is blurring the lines between the physical, digital and biological spheres. What makes the IoT dynamic is the ability to control products, machines and systems over the internet.
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