Man working in manufacturing | © M_a_y_a_ - www.istockphoto.com Source: Man working in manufacturing | © M_a_y_a_ - www.istockphoto.com The increasingly internet-based networking of our personal living and working spaces represents one of, if not the major drivers, of change in the economy and society at large. The “Internet of Things” concerns itself with the next technological evolutionary step on the way to a smarter world.
The Internet of Things refers to a world in which uniquely identifiable objects and devices communicate and interact with each other in an internet-like structure. Previously passive, non-interacting objects awake from their analogue slumbers to a world of seamless digital connectivity and interoperability; creating a global neural network in the “cloud.”
Boundaries between the real and virtual worlds melt into air as value chains are redrawn in the Internet of Things.