Peter Corcoran, Ph.D., who describes himself as long-term IoT skeptic, published a research paper recently on arXiv.org—Third time is the charm – Why the World just might be ready for the Internet of Things this time around (pdf)—in which he speculates that this incarnation of the Internet of Things (IoT) may succeed.
Technologies often fail on introduction, later to reemerge and become widely adopted. The PC, smartphone and tablet all went through at least one of these cycles.
In the early 1990s, the Consumer Electronics Association first tried to promote CEBus, a specification for interconnecting devices in the home that supported multiple physical layers, including twisted pair, coaxial cable, powerline, wireless and even RF. CEBus was too early.