Prime minister David Cameron has announced that the UK government will spend an extra £45m on funding the development of “Internet of Things” technology.
This pledge by the prime minister came at the opening of the 2014 CeBIT technology trade fair in Hannover Germany and will more than double the funds available to UK technology firms working on everyday devices that can communicate over the internet.
“I see the Internet of Things as a huge transformative development – a way of boosting productivity, of keeping us healthier, making transport more efficient, reducing energy needs, tackling climate change,” he said.
Analysts say the Internet of Things could transform daily life. US research firm Gartner predicts there will be nearly 26 billion devices connected to the Internet of Things by 2020. (BBC News)