The Internet of things (IoT) is the term we use to call the fact of having our gadgets and the things that surround us digitally controlled and interconnected through the net. This includes alarm systems, cell phones, printers, washing machines, coffee makers, blinds, headphones, lamps, wearable gadgets, machines components... And almost anything else you can imagine, so it's a huge network of connected devices and also people, which allows relationships betwen both groups.
It has the potential to impact how we live and work because of the great advances of the new technologies: broadband Internet availability, easy connection, new very capable devices, a great smart phone penetration, the decreasing technology costs... And in a short period of time we might be able to say that anything we want to be connected and controlled can be connected and controlled, and we'll live in smart cities and smart houses which interact with us.
For example we can change the temperature or the illumination of our house with a smartphone depending in our feelings, blinds can come down automatically when it's very sunny or at night; the trafic lights can control themselves depending on the traffic and the people waiting to cross the road...
So anything can be done automatically with IoT so life will be a lot easier as this is developped, locations will be known easily, economy would be more controlled, education will develop, what's turned on or off will be known, anything will be close to everyone even if it's on the other side of the world... And we should make this possible.
I wish you agree and you liked, I obtained some of this information at this webpage: http://www.forbes.com/sites/jacobmorgan/2014/05/13/simple-explanation-internet-things-that-anyone-can-understand/
See you!