The document discusses the Internet of Things (IoT), which connects smart devices to the Internet. It notes that 50 billion devices are forecast to be connected by 2020, though many people have not heard of IoT. IoT allows devices like printers and fridges to order supplies autonomously. The document outlines both business and consumer benefits of IoT and notes that the global economic impact of IoT is estimated to be $11 trillion by 2025. Key sectors and hubs in the UK for IoT development are also highlighted.