IoT is nothing luxury. Having a phone is luxurious but about 80% of Kenyans own one. If you listen to Bob when he's presenting results, he always mentions the grown in smart phones right? He never says why but here is my guess.

Broadband Internet has become more widely available, the cost of connecting is decreasing, more devices are being created with Wi-Fi capabilities and sensors built into them, technology costs are going down, and smartphone penetration is sky-rocketing. This combination is creating a “perfect storm” for the IoT

IoT is basically connecting devices with each other. Imagine switching on your lights at home with your phone, recording TV programs in your DVR when you are not at home, that is already happening with Samsung devices. Recording exercise movements with wearables (I mentioned masukumas AfyaBand).

Uchumi CEO said in one interview that as technology changes, they are going to be looking more at target marketing. For example, right now, your bank details is available on phone right? So when you walk in the super market, as you look at the various tvs or fridges your phone is talking to these devices, checking your net-worth (bank details), if you can afford then, the for the next couple of days, the advertising that will be popping on your computer - phone (remember they are connected) will be more about this item of better alternative (if your wallet can afford) or cheaper alternatives (if your pockets are small).

IoT is already in use and will be more in use in Smart cities....i can go on and on...but do you get it....?

which phone/app/bank/idiot user allows their phone to share their bank details with supermarkets?

Internet of things will NEVER take off in Kenya for instance if i have to search earth and sky to get the raspberrypi2.i should be going to any electronics shop in cbd and get myself the latest rapsberrypi3 with no hustle.

Internet of things will NEVER take off in Kenya for instance if i have to search earth and sky to get the raspberrypi2.i should be going to any electronics shop in cbd and get myself the latest rapsberrypi3 with no hustle.

Internet of things (as I explained to my two year old son) is when electronic gadgets or machines communicate with each other to produce products and provide services without human intervention. For example, when you park your car, the coffee maker pours you a hot cup before you arrive at your desk.

@Trader, your example is in the further future.

@Ash Ock AI has been in existence for a while. But IOT can/is/will exist with minimal to no AI.

What is needed is sensors, internet (wi-fi or bluetooth)

Examples of IoT

1. Most of the cars manufactured in 2014 and later can connect with your mobile phone (smart phone) and you can receive and make calls, read messages and emails with your phone in the pocket .

2. IF you are in a town well covered in maps your car can alert you incase you are running low in petrol and from maps, it can calculate how long it will take to get to the next pump.

3. Waze - app that tells your phone where accidents have been noted and reported.

4. Self driving cars

5. Nest - The famous app that detects smoke and CO2 in the house.

6. Tile App - Add-on to keys and other valuables using bluetooth for used to find lost/misplaced keys

I think the thika road example is very poor since its a work in progress I mean, have they even completed mapping and identifying spots? IoT is already in play as shown on the graph you pasted and growing in stages, the pessimists will always have something to say, remember they even said that the Ipad will not take off because its useless since laptops are serving the purpose, but look at what the giants are doing. Apple, Google, Dell, AT&T, Samsung, Amazon, Microsoft, Bosch, Cisco, GE, Huawei, Hitachi, LG and the list is endless. If IoT capable devices become the standard (as championed by Samsung) the rest will be forced to follow the tow. Data can only make sense when analyzed by humans. The argument that an AI machine has to analyze the data for IoT to succeed is rather laughable, i don't doubt there will be plenty of that, but trend has began and there's more to come.

IoT will produce a tsunami of big data, with the rapid expansion of devices and sensors connected to the Internet of Things continues, the sheer volume of data being created by them will increase to an astronomical level. This data will hold extremely valuable insights into what’s working well or what’s not.

As the rapid expansion of devices and sensors connected to the Internet of Things continues, the sheer volume of data being created by them will increase to a mind-boggling level. This data will hold extremely valuable insight into what’s working well or what’s not – pointing out conflicts that arise and providing high-value insight into new business risks and opportunities as correlations and associations are made.