Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

the internet of things

Currently, the internet is a network of computers each with an identifying label consisting of an unique number called an IP address.

The vision of the internet of things is to attach tiny devices to every single object to make it identifiable by its own unique IP address. These devices can then autonomously communicate with one another.

The success of the internet of things relies on overcoming the following technical challenges:

  1. The current manner of using IP addresses must change to a system...