Inside the Internet of Things

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The Internet of Things is the evolutionary step of the Internet that creates a worldwide infrastructure interconnecting machines and humans. As the Internet became public in the early 1990s, the first wave of its exploitation and deployment was mainly focused on the impact to everyday services and applications that changed the known models for financial transactions, shopping, news feeding and information sharing. It was a revolution that digitized a wide range of services as we knew them, from banking and retail shopping to face-to-face communication and government services. The first two decades of the Internet revolution focused strongly on consumer services and businesses, but human-centric. New business models appeared for banking, for online shopping, video communication, etc. for consumers. Business to business models and the cloud have impacted businesses significantly, wiping out large sectors of industry that did not adjust to the fast pace of the revolution.