Big Data and the Internet of Things

Advances in sensing and computing capabilities are making it possible to embed increasing computing power in small devices. This has enabled the sensing devices not just to passively capture data at very high resolution but also to take sophisticated actions in response. Combined with advances in communication, this is resulting in an ecosystem of highly interconnected devices referred to as the Internet of Things - IoT. In conjunction, the advances in machine learning have allowed building models on this ever increasing amounts of data. Consequently, devices all the way from heavy assets such as aircraft engines to wearables such as health monitors can all now not only generate massive amounts of data but can draw back on aggregate analytics to "improve" their performance over time. Big data analytics has been identified as a key enabler for the IoT. In this chapter, we discuss various avenues of the IoT where big data analytics either is already making a significant impact or is on the cusp of doing so. We also discuss social implications and areas of concern.Comment: 33 pages. draft of upcoming book chapter in Japkowicz and Stefanowski (eds.) Big Data Analysis: New algorithms for a new society, Springer Series on Studies in Big Data, to appea

Exploring IoT in Smart Cities: Practices, Challenges and Way Forward

The rise of Internet of things (IoT) technology has revolutionized urban living, offering immense potential for smart cities in which smart home, smart infrastructure, and smart industry are essential aspects that contribute to the development of intelligent urban ecosystems. The integration of smart home technology raises concerns regarding data privacy and security, while smart infrastructure implementation demands robust networking and interoperability solutions. Simultaneously, deploying IoT in industrial settings faces challenges related to scalability, standardization, and data management. This research paper offers a systematic literature review of published research in the field of IoT in smart cities including 55 relevant primary studies that have been published in reputable journals and conferences. This extensive literature review explores and evaluates various aspects of smart home, smart infrastructure, and smart industry and the challenges like security and privacy, smart sensors, interoperability and standardization. We provide a unified perspective, as we seek to enhance the efficiency and effectiveness of smart cities while overcoming security concerns. It then explores their potential for collective integration and impact on the development of smart cities. Furthermore, this study addresses the challenges associated with each component individually and explores their combined impact on enhancing urban efficiency and sustainability. Through a comprehensive analysis of security concerns, this research successfully integrates these IoT components in a unified approach, presenting a holistic framework for building smart cities of the future. Integrating smart home, smart infrastructure, and smart industry, this research highlights the significance of an integrated approach in developing smart cities

Building the Hyperconnected Society- Internet of Things Research and Innovation Value Chains, Ecosystems and Markets

This book aims to provide a broad overview of various topics of Internet of Things (IoT), ranging from research, innovation and development priorities to enabling technologies, nanoelectronics, cyber-physical systems, architecture, interoperability and industrial applications. All this is happening in a global context, building towards intelligent, interconnected decision making as an essential driver for new growth and co-competition across a wider set of markets. It is intended to be a standalone book in a series that covers the Internet of Things activities of the IERC – Internet of Things European Research Cluster from research to technological innovation, validation and deployment.The book builds on the ideas put forward by the European Research Cluster on the Internet of Things Strategic Research and Innovation Agenda, and presents global views and state of the art results on the challenges facing the research, innovation, development and deployment of IoT in future years. The concept of IoT could disrupt consumer and industrial product markets generating new revenues and serving as a growth driver for semiconductor, networking equipment, and service provider end-markets globally. This will create new application and product end-markets, change the value chain of companies that creates the IoT technology and deploy it in various end sectors, while impacting the business models of semiconductor, software, device, communication and service provider stakeholders. The proliferation of intelligent devices at the edge of the network with the introduction of embedded software and app-driven hardware into manufactured devices, and the ability, through embedded software/hardware developments, to monetize those device functions and features by offering novel solutions, could generate completely new types of revenue streams. Intelligent and IoT devices leverage software, software licensing, entitlement management, and Internet connectivity in ways that address many of the societal challenges that we will face in the next decade

The role of telecommunication companies in Internet of things

Dissertation presented as the partial requirement for obtaining a Master's degree in Information Management, specialization in Information Systems and Technologies ManagementInternet of Things is pervading the enterprise and consumer worlds. This technological concept is leading towards pervasive connectivity and encompasses everything connected to the Internet, being used for defining objects that ‘talk’ with one another. As stated by many reports, it is expected to generate a huge amount of added value through applications and the resulting services. Telecommunication companies with their central role, and their well established ability to connect millions of devices, are in a distinctive situation brought by the opportunity of new revenue streams and new challenges resulting from this revolution of connectivity. Their share of the added value market that is generated by the IoT is going to be dependent on the role they are going to play in the value chain. The purpose of this work is to investigate the impact Internet of Things will have on the telecommunications industry and to identify and analyse the possible directions for telecommunication companies as they take their role in IoT. In addition the IoT value chain is examined, possible business models for telecommunication companies in IoT are identified, and technology and business related challanges are elaborated. Furthermore in this work, a case study on Makedonski Telekom AD is presented. Telecommunication companies, being in the process of planning and/or implementing IoT have several business models to consider. The ones that will position themselves highly on the value chain, will have to play smart in order not to focus too heavily on industry specific solutions and balance in adding highly differentiated vertical offers where feasible on one hand, and facilitate third‐party vertical solutions where differentiation is more difficult and the investment is too great on the other, so they do not underplay their hand in the connectivity and life cycle management layer