Why is the Internet of Things (loT) called "The future of the Internet"?  Explain In Detail...

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
icon
Related questions
Question

Why is the Internet of Things (loT) called "The future of the Internet"? 

Explain In Detail...

Expert Solution
Step 1

Internet of Things (IoT)

The phrase "Internet of Things" refers to a network of physical items, or "things," equipped with sensors, algorithms, and other technologies for connecting to and exchanging data with other equipment and systems over the internet (IoT).

  • The term "internet of things" has been criticised because gadgets only need to be individually accessible and connected to a network, not the whole internet.
  • The fusion of several technologies, such as ubiquitous computing, widely available sensors, sophisticated embedded software, and machine learning, has caused the sector to advance. The Internet of things is enabled by the traditional disciplines of integrated devices, sensor networks, control systems, and automation (including home and construction automation).
  • Because they support one or more common ecosystems and can be controlled by devices connected to those ecosystems, including smart speakers and smartphones, IoT goods are most frequently linked to the "smart home" in the consumer market. Systems for lights, thermostats, home security systems, cameras, and other appliances are some of these goods. IoT is used in healthcare delivery systems as well.
  • The establishment of worldwide and local regulations, norms, and regulatory frameworks is just one step in the industry and governmental efforts to address the dangers associated with the expansion of IoT technology and products, primarily in the areas of privacy and security.

                   Importance of Internet of Things (IoT) due to following reasons:

One of the most important 21st-century technologies has recently arisen, and that is the Internet of Things. Continuous communication between people, processes, and things is now feasible because to the ability to link commonplace items—such as household appliances, automobiles, thermostats, and baby monitors—to the internet via embedded devices.

Low-cost computers, big data, the cloud, algorithms, and mobile computing enable the sharing and collection of data by physical objects with a minimum of human involvement. Digital systems can record, monitor, and modify every interaction between linked entities in today's hyperconnected environment. The digitalization collide with materialistic world so that the work become efficient.

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Internet
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles Of Marketing
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
MKTG 12:STUDENT ED.-TEXT
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:
9781337407595
Author:
Lamb
Publisher:
Cengage
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning