SUMMARY
This paper is a review of Internet of Things (IoT) with standards and industrial state-of-art approach. The purpose is to give insight into concept of “smart living”, a concept that meets requirements of today’s modern individuals and the society. Implementation of this new technology requires new hardware and software installed and run on devices (“things”) connected to the Internet anytime and anywhere. In order to make possible this new technology for wide use, few technological, standards and legal issues need to be solved. Several key companies (such as Intel, Cisco, IBM, etc.) are proposing their own standards both in HW and SW solutions and the time will tell which standard will emerge as a dominant one. Standards are the key for world wide acceptance of this new technology, as well as underlying wireless data technologies such as WiFi, ZigBe, and new emerging 4G and 5G mobile technologies.