Business Analytics and Emerging Trends - Internet of Things - IoT Platforms

10 important questions on Business Analytics and Emerging Trends - Internet of Things - IoT Platforms

What is an IoT platform?

It is the middleman that connects the hardware to the cloud located in the middleware between application (business application) and hardware (sensor and devices)

What are elements of a platform?

  • Analaytics layer: Data processing and visualization (what you sell)
  • Core layer: Data collection, device management (IoT platform)
  • Communication layer: Where devices connect to the cloud (IoT gateway)
  • Infrastructure layer: Enables functioning of platform (internal messaging, sensors))

Why are there interoperability issues in IoT platforms?

Different vendors use different designs for their sensor or applications
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

How can horizontal interoperability take place?

Same positioning in terms of structure and quality
  • Over-the-top interoperability via external data exchange
  • Platform enable interoperability through middleware platform

How can vertical interoperability take place?

Low (or higher) positioned devices and increased quality

Name 3 now and beyond application of IoT platforms

  • Household appliances (smart washing machine)
  • Automobiles (autonomous vehicles)
  • Healthcare (heart-rate tracking)

How does IoT disrupt traditional business in value creation? (Product mindset vs IoT mindset)

  • Customer needs: solve existing needs reactive vs adress needs in predictive manner
  • Offering: product obsolete over time vs product refreshes through updates
  • Role of data: used for product requirements vs information creates experience for products and enables services

How does IoT disrupt traditional business in value capture? (Product mindset vs IoT mindset)

Path to profit: sell next product vs enable recurring revenue
Control points: potentially include commodity advantages vs add personalization
Capability developments: leverage core competencies vs understand how other partners make money

What are the current issues for IoT platforms?

  • Standards and regulations
  • Privacy
  • Security
  • Interoperability

What are aspects of the future of IoT connectivity?

  • 5G high speed bandwith
  • predictive analytics
  • network for virtualization

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo