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Internet of things (IoT) means that all kinds of things can be connected and are able to collect and exchange data. It could be clothes, vehicles, household items, shelves at the store, containers or even animals and humans. The communication between things is called machine-to-machine (M2M), between a thing and a human it is called machine-to-person (M2P) and between people it is referred to as person-to-person (P2P). The number of connected things is today estimated at 15 billion (2016) and predictions show that it will be as much as 50 billion in 2020.
IoT creates benefits at different levels. In everyday life for the individual, on the revenue as well as the cost side for a company and for society at large, new solutions for sustainable development are possible.
