The (RFID) development community initially coined term the (IoT) in 1999. IoT is emerging as the third wave of evolution of the Internet.
The 1990s’ fixed Internet wave connected 1 billion users
The 2000s’ mobile wave connected another 2 billion.
The IoT has the potential to connect 10X as many (28 billion) “things” to the Internet by 2020, ranging from bracelets to cars.