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What is the Internet of Things?

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Felix Grovit describes the Internet of Things and how it relates to our current market economy. The information above was provided by Postscapes.

Published in: Internet, Technology
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What is the Internet of Things?

  1. What exactly is the Internet of Things?
  2. The Internet of Things is a combination of: Sensors People and Processes Connectivity IoT
  3. Sensors Digital Nervous System Location Data using GPS Eyes and Ears = Cameras & Microphones Digital Sensory Organs Everything from Pressure to Temp Changes
  4. Connectivity Sensors are digitized and placed into networks.
  5. T H E N E T W O R K E D I M P U T S A R E T H E N C O M B I N E D I N T O B I - D I R E C T I O N A L S Y S T E M S T H A T I N T E G R A T E P E O P L E A N D P R O C E S S E S F O R B E T T E R D E C I S I O N M A K I N G . PEOPLE AND PROCESSES
  6. THE INTERACTIONS BETWEEN SENSORS, CONNECTIVITY, AND PEOPLE & PROCESSES CREATE NEW SMART APPLICATIONS AND SERVICES
  7. Diverse Applications Home = Consumer Transport = Mobility Health = Body Building = Infrastructure Cities = Industry
  8. Diverse Services Home = Smart Thermostat Transport = Smart Cars Health = Activity Trackers Building = Smart Outlets Cities = Parking Sensors
  9. THINGS GET INTERESTING WHEN SMART DEVICES COMBINE WITH SMART SERVICES TO CREATE COMPOUND APPLICATIONS
  10. 16 billion connected devices throughout 2014 IOT MARKET 1 2 3 4 16B Devices 49B 75% 20% 20% more than in 2013 Of the growth between today and 2020 will come from non-hub devices. 2020 is forecasted to have almost 50 billion devices connected to the Internet of things. Connected Devices 2013 Growth 2020
  11. $19 Trillion An Estimated Value of By 2020

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