ECOMMER K32

9. The IoT is significant because an object that can represent itself digitally
becomes something greater than the object by itself. No longer does the
object relate just to you, but is now connected to surrounding objects and
database data. When many objects act in unison, they are known as having
"ambient intelligence."
The IoT is significant because an object that can represent itself digitally
becomes something greater than the object by itself. No longer does the
object relate just to you, but is now connected to surrounding objects and
database data. When many objects act in unison, they are known as having
"ambient intelligence."

13. Who can Benefit?

14.  Cyber attacks and privacy breaches of personal data are the leading
concern in the development of IoT since more physical systems come
online. This could be a potential economic loss from cyber security.
 For businesses – (1) potential disruption on existing business models (2)
greater competition due to broader set of players
 Cyber attacks and privacy breaches of personal data are the leading
concern in the development of IoT since more physical systems come
online. This could be a potential economic loss from cyber security.
 For businesses – (1) potential disruption on existing business models (2)
greater competition due to broader set of players

15.  For the society – potential job displacement in some due to increased
automation (however, potential creation of new jobs could be expected)
 For industry & government leaders – since technology is constantly rising
the bar for low-skilled jobs, the need for continuous skills upgrade is real.
 Actions are urgently needed to refocus attention on education, adapting
the current educational systems and approaches to better prepare
younger generations for the upcoming digital workplace
 For the society – potential job displacement in some due to increased
automation (however, potential creation of new jobs could be expected)
 For industry & government leaders – since technology is constantly rising
the bar for low-skilled jobs, the need for continuous skills upgrade is real.
 Actions are urgently needed to refocus attention on education, adapting
the current educational systems and approaches to better prepare
younger generations for the upcoming digital workplace

17.  Cloud as the central platform
 New security risks in IT networks
 Increased network proximity
 Need for additional network capacity
 New business models shape infrastructure
 All industries blazing the trail
 Industry-oriented platforms will emerge
 Wearable are the smartphones of tomorrow
 Millennials drive IoT forward

18. Techopedia: Internet of Things. (n.d.). Retrieved from https://
www.techopedia.com/definition/28247/internet-of-things-iot
IoT. (n.d.). Retrieved from
http://whatis.techtarget.com/definition/Internet-of-Things
Burrus, D. (2015). The internet of things is far bigger than anyone realizes.
Retrieved from
http://www.wired.com/insights/2014/11/the-internet-of-things-bigger/
Internet of things (IoT). (n.d.). Retrieved from
http://www.cisco.com/web/solutions/trends/iot/overview.html
Industrial Internet of things. (2015). World Economic Forum. Retrieved from
http://www3.weforum.org/docs/WEFUSA_IndustrialInternet_Report2015.pdf
http://news.sap.com/idc-trends-2015-internet-things-progressing/
Techopedia: Internet of Things. (n.d.). Retrieved from https://
www.techopedia.com/definition/28247/internet-of-things-iot
IoT. (n.d.). Retrieved from
http://whatis.techtarget.com/definition/Internet-of-Things
Burrus, D. (2015). The internet of things is far bigger than anyone realizes.
Retrieved from
http://www.wired.com/insights/2014/11/the-internet-of-things-bigger/
Internet of things (IoT). (n.d.). Retrieved from
http://www.cisco.com/web/solutions/trends/iot/overview.html
Industrial Internet of things. (2015). World Economic Forum. Retrieved from
http://www3.weforum.org/docs/WEFUSA_IndustrialInternet_Report2015.pdf
http://news.sap.com/idc-trends-2015-internet-things-progressing/