Business Driven Technology
7th Edition
ISBN: 9781259567322
Author: Paige Baltzan Instructor
Publisher: McGraw-Hill Education
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Chapter 2, Problem 7MBD
Program Plan Intro
IOT:
IOT stands for Internet of Things and is a network of physical devices and appliances that are embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect, collect and exchange data.
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IoT solutions have the potential to help both vertical and horizontal industries. When these solutions are used throughout an industry's whole spectrum, a holistic approach is accomplished. This opens up new possibilities in the Internet of Things and adds value to people's lives.
Take a look at the situations listed below. Choose two of them and determine if the scenario is a solution for a horizontal market or a solution for a vertical market. Please provide an explanation.
An energy management system that automatically changes the temperature of a space in response to the surrounding environment and use patterns.Microchips that are ingested and transmit signals to the doctor to alert him or her that the tablet has been taken
Vertical and horizontal markets can benefit from IoT solutions. When these solutions span the breadth of an industry, a holistic approach is achieved. This creates new opportunities in the IoE and provides value to people.
Explore the scenarios below. Select two of them and identify whether the scenario is a solution for a horizontal market or vertical market. Please explain.
An energy management system that automatically adjusts room temperature based on the environment and usage
Ingestible microchips that send signals to notify the doctor that the pill was swallowed
An example of a "Smart Meter" deployment and operational viewpoint, resources, services, virtual entities and users may be described using an IoT "Smart Meter." The Internet of Things (IoT) has both advantages and disadvantages.
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