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Jones_ResearchPPT1.pptxInternet of Everything
Definition of Key Terms
Internet of Everything (IoE) – The Internet of Everything (IoE), refers to the bringing together of people, process, data, and things for the purpose of creating more relevance and value to networked connections by enabling new capabilities, enriching the user experiences and unlocking inherent economic opportunities for individuals, businesses and nations
Pillars of the Internet of Everything – These refers to the building blocks of the IoE namely people, data, process and things.
People - In term so the IoE, people refer to connecting among users in a relevant and value enhancing manner.
Data – The data within the IoE is one that will be converted into intelligently usable information by decision makers.
How will the Internet of Everything affect industry going forward?
Development if systems with multiple sensors for improvement of tasks and processes.
In terms of business processes, IoE will improve products and services offered by organizations and additionally, enhance consumer experiences through digitalization.
internet of everything will influence things such as predictive maintenance of industrial robots
tremendous financial gains for public sectors that will arise as a result of the Internet of Everything.
What are the benefits of the Internet of everything?
IoE will add connectivity and intelligence to everyday appliances and gadgets thereby increasing their use and also their efficiency.
IoE has increased greatly especially among the manufactures of these gadgets and appliances as they seek to outcompete rivals in the envisioned future
cloud computing, mobile technology and Big Data processing point to a future where technology will not only aid business but also dictate its very nature and character.
How will the Internet of Everything impact standards of living?
Interconnectivity availed by the sensors attached to multiple objects will enable applications in areas such as smart cities of the future, improved healthcare systems and also automation of smart homes set to be the future.
Nike has been traditionally focused on the sports market but with digitalization, the company is moving more into the health and fitness segments through devices to help track the progress of those working out.
The internet of everything is an idea for the future. It will be revolutionary in terms of reorganizing industrial and business processes as well as unlocking huge financial and economic gains for all the players involved.
References
Alioto, M. (2017). Enabling the Internet of Things: From Integrated Circuits to Integrated Systems. Springer.
Bajarin, T. (2014). The Next Big Thing for Tech: The Internet of Everything. Retrieved from<http://time.com/539/the-next-big-thing-for-tech-the-internet-of-everything/>
Banafa, A. (2016). The Internet of Everything (IoE). Retrieved from< https://www.bbvaopenmind.com/en/the-internet-of-everything-ioe/>
Batalla, J. M., Mastorakis, G., Mavromoustakis, C. & Pallis, E. (2017). Beyond the Internet of Things: Everything Interconnected. Springer International Publishing
