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The Internet of Things (IoT) is one of the most hyped trends in tech, and its revolutionary potential is starting to solidify into a reality. Companies including Cisco (NASDAQ:CSCO), IBM (NYSE:IBM), GE (NYSE:GE), Apple (NASDAQ:AAPL), and Fitbit (NYSE:FIT) are positioning themselves for the increasingly connected future, and expectations for what it will mean for business and daily life are high. As just one example of what connecting the world's devices could mean, Cisco CEO John Chambers has estimated that the IoT will ultimately have an impact between five and 10 times greater than that of the internet.

The most transformative effects of near-ubiquitous device connectivity are still far off and will take years to realize, but the effects of the Internet of Things can already be observed. Click through the presentation below to learn about 10 ways that the Internet of Things is changing the world