IoT Platform Business Model for Innovative Management Systems

Abstract

Internet of Everything (IoE) in the business is a multiple and distributed interconnection of strategies and devices over the Internet. It is a group of technology which requires a set of protocols, data server storage strategy, infrastructure mechanism, integration of all technology, and communication protocols with all the connecting devices. The Internet of Things (IoT) is likely to convey accelerative, innovative, encouraging elucidations in numerous domains including business and managements. It allows devices to communicate with us very efficiently and accomplish the decisions with applications with other devices. The IoT creates transforming businesses, financial prudence and business culture. IoT platforms with greater access 5G technology are evolving as the upcoming tools and substantial support in the global IoEs setup in business ecosystem. In this paper, we examine up-to-date landscape of IoT platforms, 5G technology scope for business and management to how they work and the main aspects to consider when choosing a platform provider for cutting-edge decisions. It involves a set of approaches for business behaviors of the IoT and IoE classification, which can be defined as IoE business outlines in the cutting edge 5G technology.