Chapter 2

Benefits and Challenges of IoE

Connecting and mining information from unconnected and untapped things instigates positive changes in business processes and outcomes.

New opportunities can be captured as they are created by two main changes: networking the previously unconnected data and utilizing previously unused data. The value and growth of IoE is created with these two capabilities: connectivity and data.

Many benefits of IoE are somewhat obvious and directly relate to being connected. For example, if a water smart meter is installed for reading water usage, then company technicians do not have to physically inspect the meter to record the reading; the water usage can be continuously measured. However, the benefits clearly do not ...

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