The term was likely first coined by Kevin Ashton of Procter & Gamble. Cisco Systems estimates the birth of IoT somewhere between 2008 and 2009 when the things/people ratio grew from 0.08 in 2003 to 1.84 around 2010. The Internet of Things is a network of such physical devices as home appliances and vehicles embedded with sensors, actuators, software, and other electronics. These devices can connect and exchange data, which lets us essentially put the physical world into a realm of computers. This is both easy on the users and lighter on the economy as we can remotely monitor and control them.

With the current rate of proliferation, by 2020, one can hope to see about 30 billion IoT devices and a global market value of $7.1 trillion. We don’t see a reason why this isn’t an exciting domain to pursue a career in.