The Internet of Things (IoT) is like air; it is so ubiquitous that it tends to get overlooked. But the reality of the IoT phenomena, and the machine-to-machine (M2M) sensors that are its heart and soul, is that it is fundamentally transforming our lives.
Until recently, the concept of smart devices seemed nothing short of a futuristic sci-fi script but today, with over 20 billion connected devices in the world, smart devices have outnumbered humans- collecting and collating relevant data to facilitate a high-tech lifestyle.
Cisco IBSG forecasts that there would be 25 billion devices connected to the Internet by 2015 and 50 billion by 2020. Similarly, McKinsey in its report, predicts that the global economic impact of the Internet of Things could reach as high as $2.7 trillion to $6.2 trillion annually by 2025.
With the proliferation of technology, devices are being brought under the process of miniaturization. With each passing day, the size of machines, especially computers, is shrinking. They are being moulded into more agile, mobile, handy and compact designs, to ensure optimum productivity. Owing to innovation and creativity induced through design and concept, more and more heavy devices are being transformed into wearables.
Wearable smart gadgets are no more just a fad. They have become a necessity.One of the primary factors propelling the trend of wearable intelligent gadgets is the introduction of smartphone, which consequentially lead to the invention of apps.
Similarly, the potential of accessories like watches glasses, bracelets, watches etc. to embody electronic sensors is yet another reason that gave a fillip to this segment.
Check out this video to discover five of the hottest smart watches of 2015