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When Io T is augmented with sensors and actuators, the technology becomes an instance of the more general class of cyber-physical systems, which also encompasses technologies such as smart grids, virtual power plants, smart homes, intelligent transportation and smart cities.
"Things", in the Io T sense, can refer to a wide variety of devices such as heart monitoring implants, biochip transponders on farm animals, cameras streaming live feeds of wild animals in coastal waters,, the vision of the Internet of things has evolved due to a convergence of multiple technologies, including ubiquitous wireless communication, real-time analytics, machine learning, commodity sensors, and embedded systems.
The size of the data often presents challenges as it crosses into the realm of big data.
However, in many cases benefits gained from the data stored greatly out weighs these challenges.
Between 19 several companies proposed solutions like Microsoft's at Work or Novell's NEST.
However, only in 1999 did the field start gathering momentum.
A second application of smart home is even more sophisticated.Ease of usability is the most immediate benefit to connecting these functionalities.Long term benefits can include the ability to create a more environmentally friendly home by automating some functions such as ensuring lights and electronics are turned off.Bill Joy envisioned Device to Device (D2D) communication as part of his "Six Webs" framework, presented at the World Economic Forum at Davos in 1999.one of the first consequences of implementing the Internet of things by equipping all objects in the world with minuscule identifying devices or machine-readable identifiers would be to transform daily life.