“By 2020, it is predicted that there will be around 50 billion such smart, connected devices. The world’s population then will be around 7 billion. There will be more Things on the Internet than People on the Internet, making this the Internet of Things. Each of us will own multiple devices on the IoT that will influence our life. So, the impact that the Internet has on lives today will seem trivial as compared to what is possible with the IoT.”

Read more: http://blog.claricetechnologies.com/2014/03/demystifying-the-internet-of-things/