IoT is an essential driver for customer-facing innovation, data-driven optimization and automation, digital transformation and entirely new applications, business models and revenue streams across all sectors. An IoT business guide with the origins, technologies and evolutions of IoT with business examples, applications and research across industries and several use cases.
The Internet of Things is the logical next step in the evolution of the Internet. The roots of the IoT go back to several existing technologies including machine-to-machine communication (M2M), RFID and sensors.
The Internet of Things converges industries and specializations, uniting Information Technology and Operational Technology (IT and OT) and contributing to industrial transformation (Industry 4.0) and a wave of use cases which are either cross-industry or typical to a specific sector. The main areas of Internet of Things investments (industries and use cases) include manufacturing operations, transportation, smart grid technologies, smart buildings and, increasingly, consumer Internet of Things and smart home automation.