The Internet of Things

Abstract

The Internet of Things (IoT) has the potential to increase quality of life, heighten performance of systems and processes, and save valuable time for businesses and people. Common objects and devices are being linked with Internet connectivity and have capabilities for data analytics that affect day-to-day experiences of both individuals and businesses. The notions of Smart Health, Smart Cities, and Smart Living come into play as the Internet of Things plays a role in today's world. This chapter presents IoT devices and application examples as well as descriptions of the benefits and limitations alongside an assessment of each respective technology's potential for success in the future. Security and privacy are important factors that need to be addressed within the different domains. This chapter addresses these potentials, issues, and challenges for managers to be prepared for the new wave brought forth by the IoT.