T
he Internet of Things (IoT) has generated excitement for a few years now, with start-ups and established businesses placing bets on the industry’s growth.1 Some of the earliest investments have begun to pay off, with smart thermostats, wearable fitness devices, and other innovations becoming mainstream. With new IoT products under development or recently launched—ranging from medical-monitoring systems to sensors for cars—some analysts believe that the Internet of Things is poised for even greater gains.
