Internet of Things and its Potential Impact on Business
Janusz Zalewski; Fernando Gonzales, Dahai Guo, Elias Kirche, Walter Rodrigez
This paper discusses the emergence of the Internet of Things (IoT), its major technical characteristics, including sensors and device connectivity, merging with the cloud, as well as its impact on creating new business models. IoT's configurations are presented, with examples of basic technical solutions, and benefits for the economy are discussed. In addition, several challenges and risks involved with the introduction of this technology are outlined, such as security, privacy and legal issues. The paper's emphasis is on discussing the background of the technology, so the depth of discussing technical aspects and addressing the research issues is limited.
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