David Cameron has announced that the government will invest a further £45 million in developing the ‘Internet of Things’ (IoT).

The pledge raises the total fund to £73 million for services and technology relating to IoT.

Mr Cameron during an announcement in Hannover said: “I see the Internet of Things as a huge transformative development - a way of boosting productivity, of keeping us healthier, making transport more efficient, reducing energy needs, tackling climate change.”