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The “Internet of Things (IoT)” and M2M: Wireless Sensors to Boom, Aided by Nanotechnology, Business and Industry Trends Analysis

The phrase “Internet of Things” or “IoT” will become increasingly commonplace.  It refers to wireless communications known as M2M or machine-to-machine.  M2M can be as simple as a refrigerator that lets a smartphone app know when you are running low on milk (via Wi-Fi) to a vast, exceedingly complex network of wireless devices connecting all of the devices in a massive factory.  Analysts at network device giant Cisco expected M2M connections to grow dramatically and rapidly, to 14.7 billion by 2023.
A Wireless Sensor Network (WSN) consists of a grouping of remote sensors that transmit data wirelessly to a receiver that is collecting information into a database.  Special controls may alert the network’s manager to changes in the environment, traffic or hazardous conditions within the vicinity of the sensors.  Long-term collection of data from remote sensors can be used to establish patterns and make predictions, as well as to manage surveillance in real time.  Another term that is coming into wide use is M2M2P or machine-to-machine-to-people.  The “to-people” part refers to the fact that consumers, workers and professionals will increasingly be actively involved in the gathering of data, its analysis and its usage.  For example, M2M2P systems that automatically collect data from patients’ bedsides; analyze, chart and store that data; and make the data available to doctors or nurses so that they may take any necessary actions are becoming increasingly powerful.  Such systems, part of the growing trend of electronic health records (EHR), can also include bedside comments spoken into tablet computers by physicians that are transcribed automatically by voice recognition software and then stored into EHR.



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