The Internet of Things: the next big Thing that will change our lives

Machine-to-machine (M2M) is very much a term used by mobile network operators to describe the activation and deployment of Subscriber Identity Modules (SIMs) to transport data packets across a mobile network .

The Internet of Things entails any ‘thing’ being a machine, device, even a plant or a person who will communicate to another ‘thing’ regarding its current status over any available connection.

The available connection can be wired, wireless, mobile or any combination. A SIM card or mobile data connection is, therefore, not a prerequisite for transporting status information.

Summary
This will focus on the business value of the Internet of Things and give an insight into how improving business value can actually improve end-customer value at the same time.

• Advances in information economics
• The inter-play between functionality and value, as perceived by customers
• Those elements which together comprise ‘the Internet of Things’,

and

• How the evolving ecosystem provides opportunities for both established players and new entrants
• Examples of how different industries are taking advantage of the new opportunities to strengthen their business or organisational processes
• Key success factors which enable organisations to capitalise on the opportunities presented by the Internet of Things.