Internet of Things (IoT)
The term 'Internet of Things' refers to everything connected to the internet - there are now billions of physical devices around the world that are connected to the internet, all collecting and sharing data, and communicating with one another.
The IoT is mainly designed to make consumers' lives easier, or 'smarter'. Thanks to cheap computer chips and the pervasiveness of wireless networks, pretty much any physical object can be transformed into an IoT device if it can be connected to the internet to be controlled or communicate information. Additionally, adding sensors to this vast array of objects offers a level of digital intelligence that enables devices to communicate real-time data, without human involvment.
However, while the IoT suggests incredible advances in technology, through the ability to communicate with other networks, and collect data - the encompassment of so much available data also poses major security risks.
There are serious privacy implications, as anything with the potential to connect to the internet also has the potential to be hacked. There are also issues of surveillance and cyber espionage.