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At MWC, the Internet of Things was on display though networked wearables, car infotainment, home monitoring and devices of all sorts.

The Internet of Things (Machine2Machine) connects devices over mobile networks, enabling the management of a wide range of new goods and services.

In January Google announced it would pay more than $3 billion for Nest’s smart thermostat technology. It connects using Bluetooth and meshed network 802.15 standards.

Machine-to-machine (M2M) connectivity, diagnostic and management applications were available for a variety of vertical markets.

GSMA expects major growth in machine to machine (M2M) technology, with growth from 195 million M2M connections in 2013 to 250 million this year.

Annual expenditures of integrated “smart” building applications, as measured by equipment supplier revenues, will grow globally by 150 percent by 2017, according to a new report released by IHS (NYSE: IHS), a leading global source of critical information and insight.

The global market for integrated equipment in buildings is forecast to grow at an average annual rate of 20.3 percent—from $12.6 billion in 2012 to $31.6 billion by 2017.

Companies today are building much more sophisticated models of human behaviour using the Internet of Things. Televisions, refrigerators, thermostats, pacemakers, roads and cars gather data and upload it to the web for analysis.

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