Internet of things and its future

Rob van den Dam

2015 Regional ITS Conference, Los Angeles 2015 from International Telecommunications Society (ITS)

Abstract: IBM Internet of Things (IoT) research focuses on three components to address the multiple challenges of a scalable, secure and efficient IoT: Technology strategy, business and economic insights, and product and user experience design. By merging these three streams of research, IBM developed a tangible vision of the connected future and findings that can guide executives in making strategic IoT decisions and investments. As the IoT scales exponentially, decentralized networks have the potential to reduce infrastructure and maintenance costs to manufacturers. Decentralization also promise increased robustness by removing single points of failure that could exists in traditional centralized networks. By shifting the power in the network from the center to the edges, devices gain greater autonomy and can become points of transactions and economic value creation for owners and users.

Keywords: Internet of Things; ecosystems; Economy of Thing; big data; security (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-net, nep-pay and nep-tre
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:itsr15:146311

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