The Internet of Things, that is built on cloud computing and networks of data-gathering sensors, revolves around increased machine-to-machine communication. The beauty of IOT is that it is instantaneous connection. It promises to make everything in our lives that we know, “smart”, and is the latest “big” news in the world of computing. The technology promises wonders and everyone is keen to jump in on the bandwagon. The corporation think tanks have their tasks cut out on how revenue could be driven from this breakthrough technology.