"The Internet of Things is an emerging topic of technical, social, and economic significance. Consumer products, durable goods, cars and trucks, industrial and utility components, sensors, and other everyday objects are being combined with Internet connectivity and powerful data analytic capabilities that promise to transform the way we work, live, and play. Projections for the impact of IoT on the Internet and economy are impressive, with some anticipating as many as 100 billion connected IoT devices and a global economic impact of more than $11 trillion by 2025".
But wait, there are more inherent risks than rewards in this must have and unnecessary technology. Despite the growing numbers of people buying IoT there are as many disconnecting from inter- connected devices. From RFID tags to your toaster talking to the refrigerator and thermostat IoT will fail in a giant bubble.
Why? There are no standards and privacy and security are virtually non-existent. Already baby monitors, thermostats, garage doors, and vehicles have been hacked. IoT is a hackers paradise. And, all the time these devices are collecting data on you and targeting sales. So, before you invest in a personal assistant like Siri and others that are listening, do the research before buying into the hype!