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The Internet of Things (IoT) refers to the network of smart, interconnected devices and services that are capable of sensing or even listening to requests. IoT is an aggregation of endpoints that are uniquely identifiable and that communicate bi-directionally over a network using some form of automated connectivity. The Internet of Things relies on networked sensors to remotely connect, track and manage products, systems and grids. The Industrial Internet of Things (IIoT) – a subset of the larger Internet of Things – focuses on the specialized requirements of industrial applications, such as manufacturing, oil and gas, and utilities.
The EU takes initiative to accelerate the research and innovation in 5G technology through their Public Private Partnership on 5G.