How to log on to the ‘internet of things'

TECHNOLOGY

"The biggest transition ever is about to occur in IT," Cisco chief executive John Chambers told an audience of global elites at this year's World Economic Forum in Davos.

“When you connect everything in this world – and I mean everything and anything – it will drive productivity of countries, it will change business models, it will change our everyday lives.” Cisco expects the market for the ‘internet of things’ to climb to $19trn over the next ten years and fund managers increasingly agree. In its Q1 2014 update, Janus Capital Management noted: “The internet of things has been discussed for several years, but is quickly becoming more tangible. In recent months, we have noted a growing number of management teams discussing how it will affect their busines...