Internet of Things
The group will investigate the Internet of
Things from a managerial perspective: How can organizations strategically use
the massive amounts of data collected from physical devices connected to the
Internet?
Internet
of Things:
According to Wikipedia:
“The
Internet of Things (IoT, sometimes Internet of
Everything) is the network of physical objects or "things" embedded
with electronics, software, sensors, and connectivity to enable objects to
exchange data with the manufacturer, operator and/or other connected devices
based on the infrastructure of International Telecommunication Union's Global
Standards Initiative. The Internet of Things allows objects to be sensed and
controlled remotely across existing network infrastructure, creating
opportunities for more direct integration between the physical world and
computer-based systems, and resulting in improved efficiency, accuracy and
economic benefit. Each thing is uniquely identifiable through its embedded
computing system but is able to interoperate within the existing Internet
infrastructure. Experts estimate that the IoT will
consist of almost 50 billion objects by 2020.”
Source: https://en.wikipedia.org/wiki/Internet_of_Things viewed July 7 2015.
Your group might structure the presentation
as follows:
I. Overview of Internet of
Things:
Your group’s job would be to explain to
general managers the business value of the Internet of Things. Specifically,
the group should address:
Size of market, dollars spent on IoT
Brief history of IoT (no more than 2 slides)
Explanation of how IoT works (devices might be connected to internet using
RFID, thermal sensors, etc.) then data is transmitted to the organization, and
then organizations act on that “big data” using analytics.
Promised business benefits of IoT
Future of IoT
Limitations (like not enough IP
addresses!) or controversies of IoT
II.
Applications of IoT:
Much
of the presentation could focus on really cool and innovative applications of IoT. There are
so many industries that will be affected by this from environmental protection,
city management, industrial and consumer applications.
The
group should do at least 3 interviews; All sorts of
organizations use IoT and it should be easy to find
people who understand the IoT application and the
business impact of the IoT application.
III.
Lessons Learned or Best Practices
The group
might end the presentation on best practices for effective IoT systems, then
map how your IoT
examples fit into best practices.
This is essentially a cross-case or cross-example comparison that
integrates your primary (interviews) and secondary (journal articles &
books) research.