Who will pay for the Internet of Things?

The Internet of Things is set to infiltrate every area of our lives, but with so much investment required to deliver the devices, infrastructure and standards, who is going to pay? asks Sophie Curtis. Cupboards that order groceries for you when you're running low, cars that automatically drive to the nearest available parking space, and central heating systems that warm up the house and have a hot bath waiting for you when you get home from work – this is the vision of the Internet of Things (IoT). The term has been bandied around for years, but now the hype is reaching fever pitch. According to some forecasts, there will be 50 billion everyday objects connected to the internet by 2020, and the UK Department for Business, Innovation & Skills claims the global market for smart city technology solutions and services could reach over £250 billion by the end of the decade. See more at: telegraph.co.uk

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