Hands-On Industrial Internet of Things

IoT enabling factors

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 ...