The Internet of Things in the Corporate Environment

Abstract

The Internet of Things (IoT) is formed by a set of physical objects with embedded sensors, connected using a network so that they can collect and exchange data. Though the concept looks simple, its deployment in industry has enormous potential to bring major business benefits and radical change. This chapter examines IoT technology and how it is being used in the corporate environment. Based on a review of existing literature and case examples, the various definitions and elements of IoT are discussed, followed by an assessment of how IoT is being used and what benefits are being delivered. Some key emergent themes are then examined – security aspects, the significance of 5G networks, and the need for an IoT strategy and project implementation guidelines. The chapter concludes by outlining possible areas for future research and suggests a step-change in the mega-infrastructure connecting IoT devices is imminent.