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Is Internet of Things a new concept?

While the term “Internet of Things” is relatively new, the concept of combining computers and networks to monitor and control devices has been around for decades. 

By the late 1970s, for example, systems for remotely monitoring meters on the electrical grid via telephone lines were already in commercial use.

In the 1990s, advances in wireless technology allowed “machine to machine” (M2M) enterprise and industrial solutions for equipment monitoring and operation to become widespread. 

Many of these early M2M solutions, however, were based on closed purpose–built networks and proprietary or industry–specific standards, rather than on Internet Protocol (IP) based networks and Internet standards.

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