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Thursday, 10 April 2014 21:54

The Internet of Things, What is it?

According to Wikipedia; the term Internet of Things was proposed by Kevin Ashton in 1999, a British technology pioneer who cofounded the Auto-ID Center at the Massachusetts Institute of Technology (MIT), which created a global standard system for RFID (Radio-frequency identification) and other sensors. The concept is based on the fact that as more objects are becoming embedded with sensors and gaining the ability to communicate. This will result in widespread information networks which will create new business models, improve existing business processes, and potentially reduce costs and risks.

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Knowledge@Wharton is the online business analysis journal of the Wharton School of the University of Pennsylvania.