Profitable Solution to Emerging Market Challenges through Internet of Things

Abstract

The world is undergoing a dramatic transformation, rapidly transforming from isolated systems to ubiquitous internet-enabled things capable of generating data that can be analyzed to extract valuable information. Commonly known as the internet of things (IOT), this new reality will enrich everyday life, increase business productivity, improve monitoring of traffic, control crime and improve government efficiency, etc. The IoT is based on the integration of billions of different things, from tiny sensors to video cameras, from cars to production machines. The main objective is to integrate or connect things that can be used as sensors or actuators. Developing & under-developed economies constitutes about 80% of world population. This paper talks about how these strata of population can benefit from Internet of Things, which according to Ericsson vision of Networked society will connect some 50Bn devices across the globe by 2020.

Keywords: IOT, Profitable Solutions, Smart Environment, Smart Business Solutions, IOT Operations

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