IoT evolution towards a super-connected world

Abstract

Internet of Things (IoT) is one of the key components of Digital Transformation, along with big data and analytics. IoT, together with the cloud, big data, analytics, machine learning (ML), and deep ML, can help create numerous possibilities and new opportunities. These possibilities will impact our daily lives substantially and open new business models for consumers and enterprises where the number of connected IoT devices could go up to 50 Billion by 2022. The ecosystem of IoT consists mainly of sensors/devices layer, connectivity layer and IoT platform. The main value of IoT is in creating use cases for efficiency, monitoring and management of the things/devices. IoT connects the things through the Internet to the IoT platform which equipped with device management and with the possibility of creating new use cases along with data analytics and ML that provide 360 view through data insight