Simply put, this is the term coined by Peter T. Lewis in late September 1985 which concepts of basically connecting any device with an on and off switch to the Internet.
This includes everything from mobile phones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of.
The evolution of the next generation mobile system will depend on the creativity of the users
in designing new applications. IoT is an ideal emerging technology to influence this domain by providing
new evolving data and the required computational resources for creating revolutionary apps.
The only bad thing that can happen is a situation where program’s and robot’s overcome people and take charge of the Earth.
That would be really bad, awesome indeed but really really bad. Lets hope that doesn’t happen.