History of the IoT
The term IoT can most likely be attributed to Kevin Ashton in 1997 with his work at Proctor and Gamble using RFID tags to manage supply chains. The work brought him to MIT in 1999 where he and a group of like-minded individuals started the Auto-ID center research consortium (for more information, visit http://www.smithsonianmag.com/innovation/kevin-ashton-describes-the-internet-of-things-180953749/). Since then, IoT has taken off from simple RFID tags to an ecosystem and industry that by 2020 will cannibalize, create, or displace five trillion out of one hundred trillion global GDP dollars, or 6% of the world GDP. The concept of things being connected to the Internet up through 2012 was primarily connected smartphones, ...
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