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The Internet of Things warrants the delivery of cutting-edge digital services and compelling Customer Experiences. IoT consists of a collection of network-based devices that extend internet access beyond traditional devices. These devices can communicate and interact via the internet and can be remotely monitored and controlled.

IoT devices make use of network connections including Bluetooth, Wi-Fi, and NFC (NFC). Webcams, printers, routers, Apple Watches and Fitbits, refrigerators, security systems, and speakers are examples of IoT devices (including Amazon Echo and Google Home).

When paired with network connectivity, IoT offers endless alternatives and capabilities that will completely transform the technological environment. These prospects can be classified generally according to three basic strategic models:

• Enablers – The developers and executers of the underlying technology.
• Engagers – Those who shape, invent, incorporate, and offer delivery capabilities of IoT services to others.
• Enhancers – Those who add value to what engagers offer by developing their own creative services.

Cloud computing, data analytics, and mobile communication technologies are included into IoT devices.

For businesses to create Internet of Things-related value propositions, a combination of five basic types of technology solutions is required. The "Internet of Things Technology Stack" comprises the following technologies:

1. Endpoints
2. Simple Hubs
3. Integrating Hubs
4. Network and Cloud Services
5. Enhanced Services

The IoT stack provides organizations wishing to develop IoT solutions with a choice of possibilities. Numerous businesses offer Network and Cloud Services, while others construct Endpoints prior to developing Simple Hubs and still others offer Hub Integration services.

Let's explore some of these topics in greater detail.

Endpoints

• The Endpoints technology segment of the Internet of Things collects data and handles several devices.
• Endpoints monitor changes and provide feedback in reaction to environment modifications.
• Endpoints comprise of sensors and actuators with a single function that collect and analyze data from their surrounding environment and control items over the internet.

Simple Hubs

• Endpoints are connected to Networks via Hub Devices.
• Multiple internet-connected basic hubs are employed to control a building's single function (e.g. water, lighting, security, air conditioning etc.).
• Heating and air conditioning systems, washing machines, and engines incorporate hubs. Using embedded intelligence and storage, hubs enable appliances to adapt to the user's behavior and maximize their efficiency.
• For instance, lighting management hubs receive sunlight data from window sensors and change the luminance of a space accordingly.

Integrating Hubs

• These complex hubs connect simple hubs to other connections in order to deliver a variety of relevant services.
• In 2014, Apple introduced HomeKit, the first IoT integration hub similar to the iPhone and iPad that developers use. HomeKit combines multiple simple hubs from various manufacturers and shows them on a smartphone with a uniform user interface. HomeKit integrates several systems, including electric power, security, motion and video monitors, HVAC, smart refrigerators, entertainment, lighting, and window shades, with the touch of a smartphone button.
• In 2013, Oracle's sponsored yacht won the America Cup thanks to its complex integrating hub. Over 300 sensors and cameras were installed aboard the yacht to monitor its coordinates, wind speed, direction, sail pressure, etc. Using Oracle servers and high-speed wireless connections, the crew collected and analyzed vast volumes of data daily during the competition, which significantly improved the yacht's run-time performance.

Interested in learning more about the offerings that constitute the IoT Technology Stack?  You can download an editable PowerPoint presentation on Internet of Things (IoT) Technology Stack here on the Flevy documents marketplace.

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