What has changed from the Walmart scenario to make companies support the advent of the IoT? There is no one specific new technology or invention, but rather a set of already existing technologies that have been developed. These have created an ecosystem and a technology environment which makes the connection of different things possible, efficient, and easy from a technical perspective, profitable from a market perspective, and attractive from a production-cost perspective.
The technologies that have led to the evolution of IoT ecosystems are as follows:
- New sensors that are much more mature, have more capabilities, and offer high performance at a lower cost. These smart sensors are natively designed to hide the complexity ...
