This paper provides an overview of the Internet of Things. It explores some of the benefits and opportunities of launching new Internet-of-Things initiatives across several industries. It also considers the role of BPM and addresses certain barriers and challenges preventing IoT from reaching its full potential.
Internet of Things will undoubtedly become the next technological revolution and is the expansion of the Internet into the physical world. Now more than ever we are beginning to appreciate just how intelligent “Things” can be thanks to the Internet. The Internet of Things will have a huge impact on the way businesses work in every industry and across all sectors of the economy.
The “Things” refer to a wide range of objects with sensors and network connectivity which allows them to send and receive data to and from all connected devices. The “Things” or objects are uniquely identifiable. The Unique Identifiers (UID) is numeric or alphanumeric strings that are associated with a single entity within a given system. Thanks to each object’s unique identifier it is possible to access all the data associated with the object and interact with it.