IoT Market

Internet of Things

Definition: The Internet of Things (IoT) is the network of physical objects or “things” embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data.

That’s a high-level definition, and the IoT goes by other names as well. High capital asset companies like GE refer to the “Industrial Internet.” The “Industry 4.0” concept originating with smart factories in Germany includes IoT elements. Even Complex Event Processing initiatives from the early 90’s contained IoT-like objectives.

“Smart City” initiatives – and connected cars, smart houses, wearables – they all largely fall under the IoT umbrella. For me, the essence of IoT resides in the source of the data, which are the sensors. Those smart devices generate data about activities, events, and influencing factors that provide visibility into performance and support decision processes across a variety of industries and consumer channels. It’s something that’s been in place for quite some time in many industries, but is a totally new concept for others.

Above taken from White Paper:  The Internet of Things: Opportunities and Applications across Industries

 

Below is a link to the Aylan Network Blog Page on IoT which is contains some great information on IoT.

 

Evolution of the IoT Market 

 

IoT is a key recruiting focus area for Top recruiter NET(work).