At an American Bar Association Section of Science & Technology Law program on March 30, Ed Felten, deputy U.S. chief technology officer at the White House Office of Science and Technology Policy, said the world is in the midst of a technology transition. At the center of this transition is the Internet of Things -basically defined as the network of physical devices embedded with electronics that allow the objects to collect and exchange data.Some of the “things” in our daily lives include heart-rate monitors, home security systems, thermostats and “smart” devices, such as wearable fitness trackers and cellphones. Section Chair Cynthia Cwik said that in 2010, for the first time in history, the number of connected devices outpaced the number of humans, and by 2020, it is estimated that there will be 50 billion connected devices, or about 6 devices per human on the planet.
http://www.americanbar.org/news/abanews/aba-news-archives/2016/04/internet_of_thingsr.html