Texas CEO Magazine January|February 2014 | Page 8

technology DEPT by Tyson Tuttle THE INTERNET OF THINGS The Next Wave of Our Connected World The Internet has transformed numerous industries and created new markets. In the next phase of development, the Internet is set to do much more. Industry leaders predict that the number of Internet-connected devices will surpass 15 billion nodes by 2015 and top 50 billion by 2020. Most of these connected devices will not be traditional PCs, servers or even smartphones but smaller, cheaper, simpler embedded devices. This growing web of connected devices – known as the Internet of Things (IoT) -includes smart phones, tablets, TVs, gaming consoles, home appliances, security systems, smart thermostats, smart meters, personal fitness trackers, portable medical devices, smart watches, vending machines and numerous other products. While the IoT vision has existed since the early days of the Internet, the term “Internet of Things” surfaced in the early 2000s to describe networks of RFID-enabled objects to ease asset identification and tracking. The IoT concept has evolved to include billions of devices connected wirelessly to the Internet. Already there are more connected devices on the planet than people (see Figure 1). These connections can be device-to-person (or vice versa) or machineto-machine (M2M). Figure 1 8 Texas CEO Magazine Discuss. Learn. Lead. There is admittedly a cool factor to many IoT applications. Consider the profusion of Apple iPhone apps that allow users to remotely monitor and control security, HVAC and lighting systems with the stroke of a touchscreen. The majority of connected devices for the IoT are nodes located at the so-called “last inch” of the network. Using microcontrollers (MCUs) as the programmable “brains” of the IoT, embedded sensors and actuators serve as its virtual eyes, ears and fingers, monitoring and reacting to changes in temperature, humidity, light, physical intrusions and other environmental conditions. M2M connectivity, rather than continuous end-user interaction, is vital to the IoT. The distributed intelligence of the IoT can unlock the power of M2M connectiv-