The concept of LOT was proposed by US in the year of 1999.
In 2005, at the World Summit on the Information Society in Tunis, the International Telecommunication Union released the "ITU Internet Report 2005: Internet of Things", officially proposed the concept of "Internet of Things"
According to ITU, LOT is to realise the connection of Things to Things (T2T), Human to Things (H2T), and Human to Human (H2H).
While obvisouly, LOT means the internet of things connection. It is regarded as an application extension of the Internet. Application innovation is the core of the development of the Internet of Things. The innovation centered on user experience is the soul of the development of the Internet of Things.
The Internet of Things will be the next "important productivity" to promote the rapid development of the world, and it is another trillion-level market after the communication network.
Industry experts believe that on the one hand, the Internet of Things can improve economic efficiency and greatly save costs; on the other hand, it can provide technical impetus
for the recovery of the global economy. The United States, the European Union, etc. are investing heavily in research to explore the Internet of Things. China is also paying close attention
to and attaching importance to the research of the Internet of Things.