Smart companies are building new business models leveraging trends such as M2M which is simply the direct communication between objects and systems without the need for human intervention.
Watch maker Fossil was among the first companies to support MSN Direct, the smart objects technology first offered by Microsoft in a number of timepieces.
Infra-red communication suffers the same problems, but has the additional limitation of requiring a direct line of sight between objects as anyone who has tried to operate a television remote control with someone else standing between him and the television will know.