Sometimes a fridge isn’t just a fridge. Samsung’s smart refrigerator is connected to the internet and allows owners to order food from the supermarket directly from the kitchen. It’s part of the Internet of Things (IoT), an exciting series of technological developments that are set to change the way we interact with machines on a day-to-day basis.
By 2020, there will be more than 50 billion of these connected devices, according to Cisco, and experts predict that the IoT will have a $3.5 trillion impact on the global economy within the next five years. It won’t just be fridges; we’ll see home energy systems, security devices, entertainment products, games, interactive wearables -- the list goes on and on. The question is, is it really going to happen? And shouldn’t we be seeing greater market penetration than we already do?