At a time when a lot of internet companies have started underperforming here is a dramatic development in the internet's function- Internet of things. By 2015, not only will 75 percent of the world's population have access to the internet, so will some six billion devices. The fact that there will be a global system of interconnected computer networks, sensors, actuators, and devices all using the internet protocol holds so much potential to change our lives that it is often referred to as the internet's next generation- Internet of Things (IoT). Today Internet of Things (IoT) is on the cusp of everything that is transforming things around you. While there is a lot of clamor on IoT, the money will come neither from I or T - Internet nor the Things. Instead, the big money will descend from business services that extract data from those IoT networks. In fact, Google's entry in the IoT space by shelling out $3.2 billion in cash to acquire Nest, Signals shows how IoT is exploding with opportunities.

The Internet of Things will balloon to 26 billion devices by 2020. If we add in smartphones and tablets, that number grows to more than 33 billion devices. There is big money in these little devices. Gartner projects IoT will result in $1.9 trillion in global economic "value-add"—thecombined benefits that businesses derive through the sale and usage of IoT technology. While the roadmap ahead looks rosy, the challenge for the enterprises is whether they are well prepared to leap forward the growth or even make it bigger.

The challenge lies in the standardization of common platform that can communicate to billion diverse devices. The Internet of Things has standards today—it has too many, in fact, which is roughly the same as having none at all. The need of the hour is the standardization so the enterprises can capitalize on the services revenue. Unlike the early days where internet was first invented for military purposes, there is no common cause, but almost every company is working for itself. For any industry to mature standardization is a key and we will witness more of them in the coming months.

To survive and pioneer in such a booming market, there should be really smart entrepreneurs who have envisioned the market maturity and made his arsenal ready with smart products to capture the market. This month we share with you the story of a similar entrepreneur – Venkat Mattela, CEO of Redpine Signals on the cover. Mattela is a man with legacy experience over a decade who envisioned and invested in huge R&D, to produce highly differentiated (low power, robustness and simultaneous Dual-Band –SDB) silicon, module and system products. Today with Redpine developing its own CMOS 5GHz (802.11n/ac) power Amplifier which is in production today is confident to take on the Gorilla's of the market.