While there are many different new technologies being promised to us in the near future, one technology that is becoming more and more present in our daily lives is what's called the Internet of Things. The IoT is the interconnectivity of physical objects and animals with manufacturers, users or other devices, and, while it's not a brand new concept, it's getting ready to be more and more abundant in the years to come.

A thing could be a car with built-in sensors that alert you when the tire pressure is low or that you need an oil change, a cow on a farm with a biochip transponder, a smart pet feeder that alerts you when your pet needs food, or a refrigerator that tells you when you're low on eggs. Basically, the IoT is an idea that makes it possible for devices to transmit data over a network without the need of human interaction.

The IoT heavily has already been featured heavily in tech conferences this year, and quite a few of the larger tech companies are making big plans to begin implementing the IoT on a large scale.

In fact, Samsung Electronics Boo-Keun Yoon believes that 100% of its products will be connected to the internet within five years. Also, Intel has a new chip for the Internet of Things, named Curie. Further, Microsoft, during its Convergence 2015 conference in Atlanta, unveiled its Azure IoT Suite, which is a cloud service that will enable billing, monitoring, analytics and predictive maintenance in IoT deployments.

The video below is Samsung's vision of how the future may look with the IoT.

The main challenge, at this point, for the companies seeking to implement the IoT into their products, is price. How much will adding all of this technology into devices cost? And, more importantly, how much will this end up costing the end user? Then, there's always the question of security, and how do you make a system secure where everything is connected?

Interested in more? Below is a great and informative TedTalk about the IoT.

Photo Credit: Thomas VanManen